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Health care system in comparison other OECD nations:What are the salient features of our health care system?
What are its output and price during and after the patent life? What is the corresponding consumer surplus during and after the patent life?
As additional units are produced, the marginal revenue product falls for all firms because marginal product decreases. For firms operating in industries that are not perfectly competitive, marginal revenue product also falls because
Marijuana dispensaries in Oregon, where the drug has just recently been legalized, are slowly being weeded out. The market has become oversaturated.
Can we find some good examples in the modern business, like some catering or airline companies?
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 120 - 0.25P, and the marginal cost of production is $160. How much should the firm charge for this packa..
An entrepreneur seeks $4 million from a venture capitalist. They agree that the entrepreneur’s venture is currently worth $12 million and that, when the company goes public in an IPO three years hence, it will have an expected market capitalization o..
Consider the competitive market for natural gas. Now suppose that the price of renewable energy (a substitute for natural gas) decreases because of a technological advance. Answer the following questions about the natural gas market.
1) What is elasticity of Supply in Smartphone Market? 2) What is elasticity of Demand in Smartphone Market?
Market demand for laptop computers is y = 500 - 2p. But the computers are developed by a hardware firm with a cost function c(y) = 10y + 100, & the operating system is developed by a software firm with a cost function of c(y) = 150. Calculate the opt..
Using demand–supply diagrams in the labour market show what it means that the market “clears”. Label the axes carefully.
In the past fifteen years, Toyota buyers have faced increased anxiety because of equipment failures which required recalls of vehicles by the firm.
Find ticket price that maximizes revenue. Find profit-maximizing expenditure on players and profit-maximizing fraction of games to win.
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