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Discuss. Over the past few years with Wal Marts unprecedented store growth, it has been found, that one community may welcome it while another residential area may not. Could we assume that a higher income community may actually block Wal Mart’s entrance, while a low to moderate income community will often welcome Wal Mart’s arrival?
The demand curve is determined to be: Q=526-2P. Find the total revenue function. Find the marginal revenue function. Graph the total revenue and marginal functions.
Jane obtains utility W1/2 from wealth W. Jane has $100, but there is a 25% chance she will require surgery which costs $64. Sketch this utility function, indicating the values of Jane’s wealth if she does and if she does not need surgery. calculate t..
Explain the three types of goods: search goods, experience goods and credence goods. What type of advertising would firm’s likely use for each type of good and why?
A manufacturing company purchased electrical services for the next 5 years to be paid for with $70,000 now. The service after 5 years will be $15,000 per year beginning with the sixt year. After 2 years service, the company, having surplus profits, r..
If a severe drought decreased labour productivity in Zambia, explain what will happen to each of the following.
In the country of Wiknam, the velocity of money is constant. Real GDP grows by 5 Percent per year, the money stock grows by 14 percent per year, and the nominal interest rate is 11 percent. What is the real interest rate? In Wiknam if Real GDP growth..
Think about how each scenario would affect the price of khaki pants. draw a demand supply graph and label the axes with the price and quantity of khaki pants. Next, for each scenario, draw the appropriate demand supply curve. Compare the new demand ..
Price discrimination: Shooting Star Books is a small publishing company that specializes in science fiction books. Assume that the marginal cost and average variable cost of printing books is $0 per book, and there is not fixed cost. The annual deman..
In which of the following cases must price always fall?
What price and quantity will result once the copyright expires and competition emerges in this market. Elucidate your answer.
Find out the ash equilibrium outcomes to this game. Illustrate which of the equilibrium outcomes is most reasonable.
Suppose you have just bought a new house and are considering the installation of 10 compact fluorescent bulb (CFB) fixtures instead of 10 conventional incandescent lighting fixtures (Which cost a total of $500) typically installed by the builder.
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