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Q. Suppose Microsoft chooses to produce 80 million copies of software per year and sells copies of software to retailers at $199 per copy. Now consider problem of a retailer like Circuit City or Best Buy. Such retailers can sell as many copies of Vista y like at prevailing market price of $200. Calculate Circuit City's revenue if it were to produce 0, 2, 4, 6, 8, 10, 12, 14, or 16 million copies per year. In graph below, plot its total revenue in each case.
Under what circumstances would Gore be better off giving Bush a head start on putting together his presidential ticket.
What did the Civil War change any opportunity costs in the South. Did the opportunity cost of everything rise? Or did items cost less.
You read in a business magazine that computer firms are reaping high profits. Assume that the computer market is perfectly competitive.
Suddenly, 20,000 people immigrate from abroad and initially settle in the West. Elucidate why they possess the same skills as the native residents and also supply their labor inelastically.
How is this shifting of AD curve going to affect the price level and output level of the economy.
Describe demand and marginal income curves faced by a industry in a purely competitive market. Are they different from those faced by a industry in oligopolistic competition.
the loan results in a new checkable bank deposit in a different bank equal to the amount of the loan, explain by how much could the total money supply in the economy expand in response to Tracy"s initial cash deposit of $500.
Support your answer amid an illustration which shown market equilibrium for chocolate bars which comprise x and y interrupts of the curves and label them accordingly.
Compute the marginal and average tax rates for three individuals respectively earning $70,000, $93,500 and $200,000 annually.
Illustrate what do you think about the relationship between tort law and commercial productivity in the United States. Do you believe that companies should enjoy greater protections against potential tortfeasors.
Explain how specifically can GDP be adjusted to better measure well-being.
Illustrate what is the marginal revenue product function. Assume which most workers in Pakistan work 48 hours per week also which there are four weeks in a month.
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