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Suppose a food company has both food and store divisions. The food division produces burgers that are sold downstream at the store. Assume that the store sells 1,000 burgers at $10, 2,000 burgers at $9, 3,000 at $8 and so on up to 10,000 burgers at $1. The price the food division charges for a burger is $3.50. What will be the profit maximizing price for the entire company? How much profit will the company make? What is the revenue maximizing quantity for the store?
Suppose there are ten firms in a monopolistically competitive industry, each with an equal share of the market. The market demand is given as Q = 10200 – P. Each firm has a total cost function TC = 51000 + 500q2. Assuming the industry is in long-ru..
Write about the long-term system. What is it? How does it work? Who pays for it? Who gets insurance? As much as you can - Passive Euthanasia in Sweden: This is the thing about helping people who are very sick and want to die.
Use an equation to explain how the growth of nominal gross domestic product (GDP), the growth of real GDP, and the change in price level are related.
If a company has a building that has already been paid for, them aside from property taxes, utilities, and maintenance, it has facilities that are cost-free.
How should an economy use its policies to prevent it from falling into the middle class trap? What are the examples we had in history?
Public Service Company of North Carolina issued $150 million worth of bonds this year. The bonds had a face value of $1000 each, and came with a promise to pay the bearer $66.25 a year in interest during the life of the bond. What is the coupon inter..
How large of a sample is needed to estimate the true proportion of children with good diets within 2% with 95% confidence.
What does the random variable X represent? What is the distribution of the random variable X?
Suppose that a monopolist faces a demand curve: Q D = 3375P -3
How to calculate Marginal Revenue for Demand Relationships?
A proposal for dividing a four-lane highway is being considered. The cost is $6M for the roadbed, $3M every 15 years for pavement, and $125K every year
1. How might the "Merchants of Doubt" be seen as a political economic determinant of health? How might Revlon fit into this analysis?
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