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The demand function of a monopolist serving a homogenous group of consumers is p=3-Q. Assume marginal cost is 1
A) design a pricing offer where consumers get 1 unit at a certain price and the second unit at a discounted price
B) design a pricing offer where consumers get 1 unit at a certain price and the second unit for free
If french workers can produce 6 cars per day or 10 pounds of cheese and united states workers can produce 4 cars per day or 4 pounds of cheese who should produce what and why? this is a absolute and comparative advantage kind of question
Solve the contractors problem given a general input-cost-function. Calculate the optimal combination of inputs. Illustrate the change on the production function in general, you don’t need numbers.
Describe three major shifts in the scope of the federal government’s power that occurred between the Civil War and the present.
Explain the concept of comparative advantage and the principle theories of why trade occurs and analyze and discuss the sources of comparative advantage in national economies.
a. choose a country and from last next 4 weeks collect as much current economic data data that will be released over
Phelps-Dodge plans to expand capacity by purchasing equipment that will provide additional smelting capacity. The cost of the initial investment is expected to be $16 million. The company expects revenue to increase by $3.8 million per year after the..
Jerry wants to start his own business with $20, 000 in his bank account. Given that the market borrowing and lending rate is 10%, and his expected production function is y2 = 220 * (sqrt of Initial Investment) What is the optimal amount Jerry should ..
If Projects B and G are mutually exclusive, explain how would that affect your overall answers. That is, which projects would you accept in spending the $80,000.
How did invention of crack cocaine transform the urban street gang. According to the data cited in this chapter, civil rights laws and a shift in the attitudes in the United States regarding race helped to improve the status of black society. How d..
Suppose disposable income increases by $2,000. As a result, consumption increases by $1,500. Answer the following questions based on this information. Where appropriate, enter your answer as a decimal rather than as a percentage. The increase in savi..
Suppose that you want to maximize the value of the function f(x) = x^3-6x^2+9x, subject to 0 less than or equal x less than or equal 5. Which value(s) of x satisfy the first-order condition for this maximization problem? What is the maximized value o..
Illustrate what is the marginal revenue from selling another book for the author. Explain how does it compare to the marginal revenue
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