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You are the CEO of a company those activity releases pollutants in the river and have been subpoenaed to testify before a consumer affairs committee about your pricing practices following the broadcasting of business news segment stating that your markups was 2.5x of your costs. The consumer affairs committee is particularly interested to hear your company's arguments against a per-unit tax that your company would pay to compensate for the pollution of the river. Articulate the arguments/strategies defending your position against the tax.
Briefly describe the Ptolemaic and Copernican models of the solar system. What was the basic flaw of the Ptolemaic system? Is the Copernican model also flawed?
In competitive equilibrium, what is the ratio of the price of bananas to the price of tomatoes. Illustrate what is the equilibrium quantity of bananas and tomatoes consumed by Marilyn and Chen.
If total mortality among children remains constant whereas the incidence of that mortality shifted from late childhood to untimely rates of fertility declined.
If operating capital is running $60,000,000 and employment is running 4,000 employees in the company, what is the value of the marginal rate of technical substitution between operating capital and labor in the Biddle Company?
Calculate the expected price in 4 years. You expect the risk free rate to decrease to 3% and the market risk premium to increase to 10% in 4 years.
A recent industry report concluded that the global demand for the good X is expected to increase. Based on the demand projections given in the report Colaba, a firm that produces and sells X, is contemplating hiring more labor to increase production.
Which of the following statements about the relationship between average product of labor (APL) and marginal product of labor (MPL) is correct?
The table elucidates how their possible production every month if both work the same number of 8 hour days. Which of the following statements is correct.
The general linear demand for good X is estimated to be Q = 125,000 – 400P – 0.76M + 360PR Where P is the price of good X, M is the average income of consumers who buy good X and PR is the price of related good R. If P is instead set at $200, calcula..
If the inverse demand curve a monopoly faces is p=100 -2Q, and MC is constant at 16, then the deadweight loss from monopoly equals:
The rationality assumption as used in economics
The lunch you buy in your school cafeteria is classified as: a) a consumer durable. b) a consumer nondurable. c) a service. d)either a consumer nondurable or a service because it fits into both categories.
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