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You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your “No Haggle” sales policy. Last year, your dealership earned record profits of $1.5 million. In your market, you compete against two other dealers, and the market-level price elasticity of demand for midsized Honda automobiles is -1.6. In each of the last five years, your dealership has sold more midsized automobiles than any other Honda dealership in the nation. This entitled your dealership to an additional 25 percent off the manufacturer’s suggested retail price (MSRP) in each year. Taking this into account, your marginal cost of a midsized automobile is $12,000. What price should you charge for a midsized automobile if you expect to maintain your record sales?
q. 1. use the data in the preceding problem to answer the subsequent questions. currently supposethat the united states
What policy towards the automakers should we pursue? Should government leaders have provided outright grants to struggling automakers; what about more loans or loan guarantees? Concentrate on using your managerial economics knowledge, tools, and conc..
Taking all taxes into account, what are your average and marginal tax rates? What happens to your tax bill and to your average and marginal tax rates if your income rises to $40,000?
You are the manager of a hamburger joint with a marginal cost of $6.00 per hamburger. The hamburger joint is a local monopoly near campus. During the day, only students eat at the joint while in the evening only the faculty members eat there. If stud..
For the next two questions we will consider Rimor Bank, which has the following (partial) list of accounts on its balance sheet: Calculate the maximum amount of new money that Rimor Bank can create, by itself.
Elucidate which among the following is true.
A monopolist offers a single price to two consumers with the following demand functions: A regulator plans to impose a specific tax on a previously unregulated monopolist. Before imposing the tax, they want to know what the change in quantity produce..
A payment of $2,000 will be realized today with additional payments of $1,000 at the end of each of the next 5 years. Assume a nominal interest rate of 20% is appropriate and calculate the following: Determine the future value of all the payments at ..
a if you deposit 10000 in a bank account that pays 10 interest annually how much will be in your account after 5
Use indifference analysis to demonstrate the income, substitution also the total effects if good X is a non-Griffin inferior one.
Demand deposits and other checkable deposits have replaced paper and metallic currency as the major source of money used for transactions in the united states. -Credit cards are not money; they are substitutes for the use of money in echange. most of..
The investors in exercise 2 are surprised by firm's performance in year 5. Instead of being $20 million, the firm's profits are $40 million. What happens to firm B's stock price in year 6 and 7?
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