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If the marginal profit is negative for the sale of a certain number of units of a product, is the company that is marketing the item losing money on the sale? Explain.
If the marginal profit is negative for the sale of a certain number of units, it is a.) _____________ (possible or not possible) to know whether the company is losing money on the total sale. However, it is b.) _____________ (possible or not possible) to say that the company is losing money on the sale of any more units sold at that point.
Assume that demand for a commodity is represented by the equation P = 10 – 0.2 Q d, and supply by the equation P = 2 + 0.2 Qs where Qd and Q s are quantity demanded and quantity supplied, respectively, and P is the Price. Use the equilibrium conditio..
q1. visualize you are a manager for good or service used. from results of the deterioration equation recommend
Analyze the major short run and long cost functions for the low-calorie, frozen microwaveable food company given the cost functions below. Suggest substantive ways in which the low-calorie food company may use this information in order to make decisi..
Show that a specific tax of $3.70/unit generates the same revenue as a 20% ad valorem tax
A market with demand Q = 10 p is supplied by a monopoly with costs C(Q) = 6 + 2Q. Calculate the equilibrium price, output, and monopoly profits. What would be the equilibrium if the market were supplied competitively by firms, and each firm had the s..
Assume the graphs represent the demand for utilize of a local golf course for which there is no significant competition.
A firm under monopolistic competition reaches equilibrium in the short run at a point where:
What is the difference between a movement along and shift of the demand curve? Let us consider the demand for DVDs. What will cause a movement along the demand curve for DVDs and what will cause the demand curve for DVDs to shift? How will the curve ..
q1. in benchmarking sales representatives against one another illustrate problems arise from continuing to reassign the
Your task is to use information about existing economic conditions to forecast U.S. and Canadian interest rates. The following information is available to you. Over the past six months, U.S. interest rate have declined, and Canadian interest rate hav..
A couple just welcomed the birth of their new child and decides to set up a an interest-bearing account for the child’s college tuition. They hope to save $100,000 by the time the child enters college. Given that they plan to increase their contribut..
The US hegemonic status has been a subject of heated debate, especially after the 2008 financial crisis. In your opinion, will the U.S. lose its hegemonic status? If so, which country is likely to replace the U.S. to become the next hegemony?
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