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Currently, the demand equation for baseball bats is Q=300-5P. the current price is $15 per bat. is this the best price to charge in order to maximize revenues? If not, indicate what price you should charge and quantity that you should produce in order to maximize revenue. please show all work.
If individuals resisting change are included in making change decisions in an attempt to gain their support, what is this approach called?
Suppose that inverse demand is given by p(Q) = a-bQ, where Q is total quantity supplied in the market. There are two firms in the market, each with a cost function of c(q) = cq, now assume that the first firm moves before the second firm. Compare the..
Suppose nominal GDP rose from 6250 billion in 1995 to 6630 billion in 1996. If the GDP deflator rose from 125 to 130 during this time, what was the percent growth in real GDP? Given the data in part (a), what was the rate of inflation for goods and s..
If the marginal revenue from a product is $15 and the price elasticity of demand is ? what is the price of the product?
QUESTION 1: According to the quantity theory of money, the quantity of money determines the
Assume which an innovation reduces a industry's fixed costs also reduces cost from ATC to ATC. Before the innovation reduced the cost, the industry's maximum economic profit was
List out at least one policy action that the Federal Reserve has taken to confirm that direction. Explain the effects of monetary policies on the economy's production and employment.
What responsibility do we have as a society to help the elderly and disabled? What potential changes could the federal government enact to help the viability of both programs? How can the Social Security program be fixed to ensure a viable future for..
Show that a monopolist always advertises too much when measured by the yardstick of the preadvertising tastes. Show that the result also holds when measured by the yardstick of postadvertising tastes.
The rise in the US trade deficit during the 1980s was due largely to the rise in the US budget deficit. On the other hand, the popular press sometimes claims that the increased trade deficit resulted from a decline in the quality of US products relat..
A justification for job training programs is that they improve worker productivity. Suppose that you are asked to evaluate whether more job training makes workers more productive. However, rather than having data on individual workers, you have acces..
The demand for the product of a business is given by q = 50 - 2p. If the price of the product is p = 10 dollars, the revenue is
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