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Homer' s boat manufacturing has a monopoly on boat sales in the region. Homer' s marginal cost of the 8th boat produced is $1200. He produces only eight boats and can sell all eight boats for $1500. The elasticity of demand at this price is -2. Is Homer maximizing prots? Justify your answer numerically.
Find out statistics on the web from 2004 to present on following indicators of the macroeconomic conditions of the U.S. economy.
Assume that every driver faces a 1% probability of an automobile accident every year. An accident will, on average, cost each driver $10,000.
Illustrate what should be the production level if the producer operates in a monopolistic competitive market where the cost of software at each possible quantity
Explain how many hamburgers does Ron produce. Illustrate what price does Ron charge for a hamburger.
Their government seeks counsel on the wisdom of a relative emphasis on health and health investment versus other forms of economic investment.
Over the course of this month he has to deliver to 50 spots. To do this job he has 4 possible combinations of output that he can use
To one side maximizing profits evaluate the factors which managers must consider when making judgment to outsource or integrate forwards/backwards considering which factor would be mainly significant for decision-making.
Listing different orderings and coalitions is not going to work for this problem because there are too many possibilities, excluding you can use different tools which we have discussed in class.
Suppose that all the necessary conditions exist for the realization of equal wage rates in every market of labor.
what right have we to burden our children and grandchildren with these debts while we live high on the hog. Discuss this
Explain what were the problems with this corporation from an organizational architecture point of view.
Suppose that consumers decide to consume less (and therefore to save more) for any given amount of disposable income. Specifically, assume that consumer confidence (c0) falls. What will happen to output.
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