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Question
If you are a small producer and must enter into a new industry with big pre-existing competitors, which one would you prefer: industry A has economies of scale, industry B has constant return to scale, industry C has diseconomies of scale. Which of the three would you choose?
Explain demand for cassette players is price elastic also they are cyclical normal goods.
1. A firm operates in a perfectly competitive industry. Suppose it has a short run total cost function given by TC= 42000 +0.001q^2. If the market price is 15, what is the firm's profit-maximizing quantity?
Define the type of market in which your selected product will compete, along with an analysis of competitors and customers. Explain the factors that will affect demand, supply, and prices of that product.
an electric company must decide whether to install a scrubber to reduce sulfur dioxide emissions from its electric
Discuss one way to identify a human genetic disease.
Write a program that repeatedly collects positive integers from the user, stopping when the user enters a negative number or zero. After that, output the product of all positive entries. A sample run should appear on the screen like the text below..
What is the difference between the Classical and (simple) Keynesian aggregate supply curves? Draw a graph of each.
An upscale bistro in a small town charges higher prices for the same menu items at dinner time than at lunch time. Does the bistro necessarily practice price discrimination? Explain your answer. What is the social cost of a monopoly? Explain.
Create a scatterplot with age on the horizontal axis and the log of price on the vertical axis. Do older wines tend to sell for more than younger wines? Does an older wine always sell for more than a younger wine?
What is the value of the |slope| of Martina's indifference curve at her utility maximizing choice of X and Y?
If this happens, what is the impact on importers to the U.S. from the EU and on exporters from the U.S. to the EU?
Define the concept of marketing mix and various strategies that can be used in each marketing strategies.
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