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How does a typical movie theater in New York City practice price discrimination? What strategies do they have for pricing different customers' willingness to pay?
A construction Company entered into a contract to build an apartment building. It is estimated that the building will cost $5,000,000 and will take 2 years to complete. The MARR(minimum acceptable rate of returns) is 8%. The land cost 10 million $. T..
You see an advertisement for a book which claims to show how you can make $1,000,000 in investment profits in a year, with no initial investment required and no risk of any loss. The book costs $500. Would you buy it? Why or why not?
Meg's pension plan is an annuity with a guaranteed return of 4% per year (compounded quarterly). She would like to retire with a pension of $40,000 per quarter for 25 years. If she works 37 years before retiring, how much money must she and her emplo..
What are the ethical issues at stake when companies permit employees to use personal technologies on the job? What are the implications for all stakeholders?
The distinction between supply and the quantity supplies is best made by saying that supply is represented graphically by a curve and quantity supplied as a point on that curve. why?
Imagine that two cigarette companies are competing in a market. They each charge the same constant price p
EXPLAIN in three to four sentences what the difference is between valid and invalid arguments.
Why does the government grant patents to new inventors? Think about new cancer drug research and new drug prices. Why does the government give monopoly power to utility companies?
There are a large number of chicken farms of varying sizes on the Delmarva peninsula and together they produce huge quantities of fecal waste. Suppose that a system of tradeable permits is created in which each permit authorizes one ton of waste runo..
Clothing costs $2 per unit always. Find Julies optimal basket of consumption.
Illustrate what is definition of price elasticity of demand. Explain relationship between price elasticity and total revenue.
Suppose the market demand and supply (bottles/month) for bottled water are given by: Write the inverse supply function. Sketch a demand curve for this market. Sketch a supply curve for this market. Calculate the equilibrium price and quantity.
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