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Q. A local pet store, roscoe's rascals, elucidate which among them has concerted on selling puppies, is considering adding a line of pet food. A supplier's approximation that it will cost $10,000 to convert some storage space into a retail area for the food. Roscoe's Rascals will purchase the specialty food for $15 and sell it for $30. Marketing research indicates that the store will sell 900 bags. Should Roscoe's Rascals add pet food to its products? Assume that Roscoe'S Rascals decided to add the pet food. 2 months after it began selling the food, its pet food sales declined dramatically because of a competitor across the street started selling the identical food for $22 per bag. Should Roscoe's Rascals match the price offered by the competitor?
inflation was 3% last year, expectations are adaptive, and the phillips curve equation is pi = pi + 0.5 (Y -Y*)/Y*. What will the inflation rate be this year?
Illustrate what would have been the welfare implications of a ban on oil imports.
What is player 2's maximin strategy? If the game were played with Player 1 moving first and player 2 moving second, using the backward induction method, what strategy will each player choose?
q.assume firm ys production function is given by the following cobb douglas equation q 0.5 x l0.6 x k0.5 where l
Why does hedging usually take place with a forward contract.
What technology available to produce your product suddenly improves. You should note whether the scenario indicates a shift of the curve or movement along the curve. You are a supplier of widgets.
It is $16 trillion today. Does this mean that the average American is twice as well off today than in 1996? Why or why not?
Advantages and disadvantages of cigarette money in this prison economy in terms of these 6 criteria.
Elucidate the concepts of Comparative and Absolute Advantage. Compute the opportunity cost for each country.
How far in advance is it worth proving out reserves? b: If the real discount rate were 10%/yr, what is the max time delay?
Explain how does your graph relate to the other two graphs. What do any of these graphs have to do with price discrimination.
Suppose we randomly poll 500 Americans and ask them whether they believe that the parents are involved. What is the distribution of the sample mean.
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