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In a monopoly p=300-3Q and c(Q) = 1500 + 2Q^2
Is demand elastic, inelastic, or unit elastic at the profit maximizing price quantity combination?
Suppose the government decides to increase the tax rate on savings instruments. What will happen in the short-run? Use a graph to back up your answer. What happens in the long-run? Use a graph to back up your answer. Will GDP growth rates be affected..
A technology company is planning on introducing a new fitness watch to the market. Rush the fitness watch to market by paying overtime and speeding up testing. The company will pay $5 million initially and will receive $3 million in annual profit fro..
Price for a firm under monopolistic competition is: An industry with a large number of relatively small firms producing differentiated products in a market with easy entry and exit firms is: Refer to the above data for a monopolist. This firm will ma..
Does the Weber Thesis receive empirical support? What methodological issues are inherent in attempting to test the Weber Thesis, or any culture-based argument?
Describe how a business may use the trade theories to develop its business strategies. Use Porter's four determinants in your explanation.
If the supply of turkeys in particular November (remember Thanksgiving) turned out to be unusually small (few turkeys not size of the bird).
Which of the variables above is NOT statistically significant at the 0.05 level.
Graphically show how increasing the severity of punishment for homicide, by imposing the death penalty in Canada, could impact the number of homicides that occur in Canada. Why would the elasticity of the aggregate crime curve matter and, based on..
Growth without diminishing productivity of capital suppose that the production function is Y=AK. What is the condition for the growth rate of capital per worker, ?what does the s*(y/k) curve look like? What are the growth rates of capital and output ..
Construct a contingency table by using the following information: 89% entrepreneurs by choice. 11% entrepreneurs by necessity
As income transfer programs accompanying the War on Poverty increased beginning in the latter half of the 1960s, what happened to the poverty rate?
An airline is considering the purchase of an Airbus A-320neo which offers improved fuel efficiency over the previous generation of narrow-body aircraft. The finance department estimates the aircraft will generate a positive net cash flow of $6 millio..
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