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The equilibrium price for physiotherapy visits is $30 and the quantity utilized is 150 visits as a result of the demand and supply conditions in this diagram. The state legislature is concerned that the current price does not give the physiotherapists enough incentive to produce a high volume of services. A proposal has been made to increase the price paid by the consumers to the suppliers to $40, what will the resulting quantities demanded and supplied and the resulting utilization be?
When there are economies of scope in two products which are separately produced by two companies, merging into a single firm can
A monopolist produces a single homogeneous good, which he sells in two marketplace between which discrimination is possible. His total cost function is;
MGMT 3306: Solve the assignment problems, 1. Please answer the assignment questions in this docx file and save once you’re satisfied. Assignment 3covers the lectures slides for Week 6.
Consolidated Sugar corporation sells granulated sugar to both retail grocery chains and commercial users the demand function for each of these markets is;
In 1989, Detroit Free Press and Detroit Daily News obtained authorization to combine under a special exemption from the antitrust laws.
A European consortium has spent a considerable value of time and money making a new supersonic aircraft. The aircraft gets high marks on all performance measures except noise.
Does either hospital have a dominant strategy (or any dominated strategy)? Assuming that they determine their strategies independently of one another, what are the hospitals' respective Nash equilibrium strategies? Explain why.
A twenty year expansion project has a depreciable capital outlay of $50 million. It also has additional net working capital needs of $5 million.
The company Three, SRL, sells three different products and sets the sales value for every product at 1.5 of their respective variable costs.
Suppose you have been employed by FIFA to recommend on the pricing of tickets for the World Cup Final on 11th July 2010 to be played at Soccer City Johannesburg,
Ccompute the beta of the firm if the risk-free rate is 4%, and the market rate of return is 14 percent.
The Quik Service Walk In Clinic always has three M.D. and 8 R.N.s working at its 24 hour clinic, which serves consumers with minor emergencies and ailments.
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