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Do you feel that relational database developers put more emphasis on user acceptance than they do on functionality of the database and the DBMS? Why or why not?
q.smith and jones are stranded on a desert island. each has in his possession some slices of ham h and cheese c. smith
Explicate fully why the monopolist will never select to operate where the demand curve is inelastic.
Economists often assume that insurers set premiums (nearly) equal to the AFP for that plan. Is that an accurate assumption? Is a higher “load” on insurance premiums necessarily a bad thing for consumers? When might a higher load be a sign of problems..
According to 2009 data on the U.S. population which of the following was correct? Adults had higher labor-force participation rates and higher rates of unemployment compared to teenagers. Adults had higher labor-force participation rates and lower ra..
One of your friends works at the local water utility and another works at a particular fast food restaurant. Both are considering raising their price to increase revenue and ask for your advice. Which of them would likely be more successful in increa..
Based on marginal revenue/marginal cost analysis, describe how output and price are determined in monopolistically competitive markets. You should discuss what firms try to maximize (or minimize), what rule they need to follow to do this, and how thi..
A firm faces the following inverse demand equation for the commodity it produces: P = 100 – Q where P represents the price/unit of the commodity it produces and Q represents the level of output produced. The cost structure of this firm is summarized ..
Consider the following strategy prole. All students of all types announce they are type 12. Ben identies all students (regardless of their announcements) to be equally likely to be each type, and assigns them all grade 6. Regardless of whether or not..
What is the necessary requirement to turn a business idea into a business? If you don't have customers willing to buy your new product or service at a price that gives you a profit, do you really have a business?
Consider the following facts. After the age of 25, persons with college degrees earn more than persons with no education beyond their high school degrees, ceteris paribus. Moreover, persons with high school degrees earn the same as persons who have h..
If the only pool cleaning service in town charges $50 per cleaning, he has 10 weekly customers and wants to add an 11th customer, and he needs to drop his price
Suppose that there are only two firms (Firm A and Firm B) in the market for decorative lampshades. Let the inverse demand function and the total cost function be given by: P = 50 –Q and TC = 2Q. How many lampshades would be produced by the entire i..
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