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• A monopoly is considering selling several units of homogeneous product as a single package.
• A typical consumer's demand for the product is Qd = 50-.25P, and the marginal cost of production is $120. -Determine the optimal number of units to put in a package. -How much should the firm charge for this package?
q.you possess the following information about ipath. the price elasticity of demand for ipath is -2.5 the cross price
Skectch the fundamental analysis of the supply and demand curve for the British pound in terms of dollars. (The quantity of pounds on the horizontal axis and the US dollars per pound on the vertical axis.
An assessment of the infrastructure of China for the proposal of UBER car service. A synopsis of trade barriers or other restrictions that might be encountered in China. Recommend a distribution channel and intermediaries that could be appropriate fo..
Your parents just dropped $15000 in your lap.You want to spend a little on a nice beach vacation, but know you should save some. How much should you deposit in an account today, one that earns 4% interest per year, if want to have $15,000 in the acco..
Determine algebraically the equilibrium price and quantity? Suppose that the price to be fixed at $110. Determine algebraically the surplus or shortage that would result? Discuss the differences in elasticity of supply and elasticity of demand?
suppose that beer preresents 22 percent of the economy and pizza represent 4 percent. Chocolate is the rest of the economy. What was the inflation rate for this economy?
For each of the following approaches that an economist might follow in examining a decision making process, identify whether the approach relies on the rationality assumption or on the assumption of bounded rationality.
The demand curve for a product is given by Qdx= 1,200- 3Px- 0.1Pz where Pz =$300. What is the own price elasticity of femand when Px =$140? Is demand elastic or inelastic at this price? what would happen to the firms revenue if it decided to charge a..
Insurance agents receive a commission on the policies they sell. Many states regulate the rates that can be charged for insurance. Would higher or lower rates increase the incomes of agents? Explain, distinguishing between the short-run and the long-..
About 32% of all the laptop computers sold in an electronics store have hard disks made by Western Digital, i.e., equation. In a specific shipment, a total of equation laptop computers are received. Treat these 15 laptop computers as a random sample ..
After bad experiences with a flexible exchange rate, the small open economy of Rivendell decides to fix it exchange rate. Suppose the economy of Rivendell has reached the long run equilibrium. Is trade policy more effective under a flexible exchange ..
From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $12 million in withdrawals from other banks’ ATM machines. Based on this infor..
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