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A study indicates that the optimal price for the consumer product is 32.45. Most product in the market sell for 29.99. what price would you suggest to retailers for selling the product and why?
There are 2.4 billion people in “severe” poverty with less than $2 of income per day. (a) What is the maximum combined income of this “severely” poor population? (b) What percentage of the world’s total income (roughly $75 trillion) does this represe..
Case study: "Katrina's Troubled Waters: The Rescue Worker's Dilemma" NATIONAL CENTER FOR CASE STUDY TEACHING IN SCIENCE
What value of y survives as a solution if all firms are competing for high ability workers.
Explain the profitability of the Medical-Industrial-Complex (MIC), how the MIC makes the US medical system more expensive and the US economy less competitive.
How many homes should be built in a new residential area. The firm has some monopoly power in its local market. Its demand is estimated to be Q = 10 - 1/6 P. What is the revenue-maximizing price and quantity? Explain. What is the profit-maximizing pr..
The production function at Ginko's Copy Shop is q = 1000 x min(L, 3K), where q is the number of copies per hour, L is the number of workers, and K is the number of copy machines. As an example, if L = 4 and K = 1, then the minimum of L and 3K, min(L,..
Imagine you run a financial services company. How would service-oriented architecture help you in running your business?
Supply and demand in a hypothetical market are given by the following equations: Use these equations to find numeric answers for the six items below: Equilibrium price. Equilibrium quantity. The minimum price that would have to prevail in order for a..
A company issued 10 year, 7% bonds with a par value of $100,000. The company received $96,526 for the bonds. Using the straight line method, the amount of interest expense for the first semi-annual interest period is:
Analysts at your firm have determined that group 1's elasticity of demand is -4, while group 2's is -5. Your marginal cost of producing the product is $60.
Consider the costs for the following lobster productin firm in a perfectly competitive market: TC = 80 +10q+q2 & MC= 10 + 2q. What is the supply function for the firm? Write the supply function as a function of P (i.e. solve for Qs) Currently there a..
Discuss the engineering options available, the mode of action for capturing gas-phase pollutants from air,
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