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If the on-campus demand for soda is as follows: Price (per can) $0.30 0.55 0.80 1.05 1.30 1.55 1.80 2.05 Quantity demanded (per day) 100 90 80 70 60 50 40 30 And the marginal cost of supplying a soda is 45 cents, what price will students end up paying in Instructions: Enter your responses rounded to two decimal places. (a) A perfectly competitive market? $ (b) A monopolized market? $
Elucidate what is the marginal opportunity cost of 1,000 garments of clothing in the range between points B and C.
Take two determinants of demand, two determinants of supply and two determinants of the elasticity of demand. Explain each one of them, provide a real world example of each one, and explain what has to happen top each one of them for them to increase
Using IS-LM analysis show graphically and explain how a liquidity trap affects the Fed’s ability to use conventional monetary policy to affect short-run interest rates and output.
The short-run production function of a profit maximizer firm is given by f(L) = 6L^2/3 , where L is the amount of labor it uses. The cost per unit of labor is w = 6 and the price per unit of output is p = 3. (i) How many units of labor will the firm ..
You are trying to sell your audio system (an amplifier and speakers) to raise money for an upcoming trip to overseas. The system works great, and audiophile friend tell you that if he were in the market for this kind of equipment (which he isn’t), he..
Training is maximized when leaders set clear expectations for learners, use techniques for reinforcing learning during training, and take steps to ensure that the desired performance is maintained after training. First, briefly describe one of your j..
The Consumer Product Safety Commission is reconsidering a rule it first proposed in 1997 that would require child-restraint caps on household products, including cosmetics. When the rule was first proposed, it was resisted by the cosmetic industry an..
Suppose a consumer’s utility function is given by U(X,Y) = X*Y. Also, the consumer has $720 to spend, and the price of X, PX = 9, and the price of Y, PY = 9. How much total utility does the consumer receive? Now suppose PX decreases to 4. What is the..
If the loan interest rate is 15% (APR) compounded monthly, $150,000 is borrowed and repaid in 36 equal monthly payments. How much of the 30th payment would be interest?
Write a two-page essay analyzing the type of market of a healthcare service that you are familiarized with. Include within your analysis the characteristics of the identified market and at least two (2) examples of services in this market.
What is the probability that a test comes back positive-indicating oil - what is the probability that there is oil in teh ground, if the test comes back positive - Global Energy Outlook
Choose an administrative agency you have learned about or encountered in the business world. Using this agency, create a scenario and walk the agency through the rulemaking process to promulgate legislation that pertains to your business sector of in..
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