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Q1. Your publishing house is about ready to release John Grisham's newest novel just in time for Holiday giving. You are in charge of pricing decisions. Explain why it is important for you to know whether Grisham is being paid a lump sum of $5 million or whether he gets royalty payments of 25 percent of gross sales before you decide which price to charge. In which case will the book sell the most copies?
Q2. Profit=100Q-5000-0.2Q^2where q is the quantity of widgets produced
What is the price of widgets?What is the total cost function?if output is 200 units what is the variable cost and total cost?what is the profit maximizing level of output for this producer will the producer make a positive or negative profit at this level of output
Someone proposes to buy the farm from you for $1 million. Would you make more by selling the farm or keeping it
Suppose the firms compete in quantities. If firm 1 deviates from collusion in one period, what is the profit of firm 1 in that period in subsequent periods.
Explain how the MAS have successfully used exchange rate policy to achieve price stability for the last two decades.
The mission must comprise APA format references on the final slide and in-text references on the slide where information is presented.
Why is efficiency lost at the boundaries as when substantially more of one good and very little of another is produced.
During the month, there are 26 workdays. The company has 15 workers.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Will these monopolies typically earn economic profits. Why do not other airlines enter these monopoly routes.
Take into account the due dates. Prevent plagio. Late assignments have a penalty of two points. Submit assignments as attachment for easier correction.
The overall effectiveness of the organ procurement system in the United States. What are its strengths and weaknesses.
James earned $10,000 in income in his new job in Nova Scotia after the move and his employer paid him $1,000 specifically to cover the cost of the move, but doesn't specify what it can be used for.
What would you do if patent law prevented your rival from cloning your product.
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