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Wilpen Organization, a price-setting firm, produces nearly 80 %of all tennis balls purchased in the United States. Wilpen estimates the U.S. demand for its tennis balls by using the subsequent linear specification:
Q = a + bP + cM + dPR
where Q is the number of cans of tennis balls sold quarterly, P is the wholesale price Wilpen charges for a can of tennis balls, M is the consumers' average household in- come also PR is the average price of tennis rackets.
Suppose that Missing Link must pay a tax equal to 40% of its gross revenue. What is the optimal number of machines for the company.
APA format advising the President of Rodamia making recommendations for international trade.
Elucidate the marginal revenue from the fourth worker
Compute the amount of the natural employment deficit in terms of both billions of dollars and as a percent of natural real GDP.
Decide to conduct a SWOT analysis to evaluate the value and risks. Provide a SWOT analysis and briefly discuss each factor.
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.
Illustrate what is the annual cost for chocolate syrup buffer stocks. Illustrate what impact does the variability of demand seem to have on buffer stock.
At this level of pollution, what is the marginal cost of pollution control.
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A business cycle fact is that real wages are pro-cyclical. Using the classical labour market as we have all semester, show and explain how the classical economists explained this business cycle fact.
Elucidate the common kinked-demand model. In the oligopolist's marginal-revenue curve, elucidate the reason for gap. In this model explain how does price rigidity in oligopoly.
In your opinion should our government impose price floors and/or price ceilings in our economy.
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