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When you have a program that has two versions (advance, student) and two segments that willingness to pay are different price points, do you compare consumer surplus in dollars or percentages. Example: If commercial users are willing to pay 150 dollars for student version but you are only charging 50, there is 100 consumer surplus. They were willing to pay 700 for the advnaced version. If I am offering both versing do I need to price the advanced versiion at 600 so they have the same amount of consumer surplus, or should I figure out percentages? Costs don't matter for this question.
In monopolistic competition, firms are said to have zero long-run economic profit. This makes me wonder whether profits of intermediate goods producers in New Keynesian model ever be zero.
The marginal product of any input in the production process is the increase in the quantity of output produced from one additional unit of that input. As a manager, what are some practical things you could do to raise marginal product per employee th..
Read "Game Theory Explained," located on the PBS website. Discuss your perspective on the use of game theory. How do "Nash Equilibrium" and the idea of one "player" impacting another "player" within an organization affect the economic decisions and g..
Explain what each of the estimated coefficients means that is interpret the results. Explain. Are each of the estimated coefficients statistically significant at the 5% level of significance? Explain Completely.
Elucidate how the law of diminishing returns influences the shapes of the variable-cost and total-cost curves.
In the course of conducting a valid stop and frisk for weapons, if the police officer discovers evidence of another crime for which an arrest is proper, the officer:
Your company sells Beyonce concert DVDs. Total fixed costs for your operation are $10,000 a year. The variable costs are: 50Q – Q2 (Q is in hundreds) The firm pays $500 a year in various taxes. The market price of these DVDs is $40. Beyonce has many ..
Explain with a graph how a ticket price ceiling placed on a monopoly sports franchise that does not sell out its games may actually lower ticket prices and raise attendance. Assume that marginal costs are fixed. Do you support legislation that would ..
Some economists argue that the Social Security retirement program reduces fertility. That is, couples have fewer children than they would have if there was no Social Security program, all other things equal. Why might a risk averse person want to hav..
How does the taxation change if the income was $220,874? How does this variation affect people and corporations? Use the graph functions of Word or Excel to assist you-You will need two graphs
Elucidate how industry consolidation has impacted the company and make projections about the long-term prospects for the company.
Because increased government spending or tax cuts cause higher government deficits, they also contribute to a rise in total planned expenditures and aggregate demand. Previously, the government operated with a balanced budget; however, recently, ther..
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