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Managerial Economics.
Please show math used, clearly and step-by-step. Thanks!
All 500 consumers in a market have identical demand for a product that is described by individual demand curves P=40-2q. A monopolist produces the product and has a cost function of TC(Q)=10000+8Q. (Answers must be within 1 of the true value to count as correct.)
A) What is the use fee in the two-part tariff the maximizes profits?
B) What is the entry fee in the two-part tariff the maximizes profits?
the study of how to increase resources and create conditions that will make better use of resources. Resource development or Economics or else.
Mr. and Mrs. Jones purchase a new car while they are living in New York. A year later, they move to Oklahoma. Shortly after the move, the brakes fail on the car, causing an accident in which Mrs. Jones is injured. The Joneses file a lawsuit in Okl..
Read "Game Theory Explained," located on the PBS website. Discuss your perspective on the use of game theory. How do "Nash Equilibrium" and the idea of one "player" impacting another "player" within an organization affect the economic decisions an..
How large would a corrective tax need to be to move this market from the equilibrium outcome to the socially-optimal outcome.
Illustrate what is a fixed exchange rate system. Discuss whether it is basically good or bad, and explain.
Explain the process of revenue at NSU, focusing on the relationship between the increased revenue from students enrolling at NSU despite the higher tuition and the lost revenue from possible lower enrollment.
suppose you have been tasked with regulating a single monopoly firm that sells 50-pound bags of concrete . the firm has fixed costs of $10 million per year and a variable cost of $1 per bag no matter how many bags are produced.
Using above demanded schedule, find out the elasticity of demand for each price change. (Example: when price changes from $5 to $10, quantity demanded changes from 1000 to 800 oz., so the elasticity of demand, by using average values, is 1/3 or 0...
Why would you as a CEO of a business choose to pay your workers more and give them better benefits than your competitors?
Starting with estimated demand function for Chevrolets given Problem 2, suppose that the average value of the independent variables changes to n=225 million,
Though most of the economist resist government borrowing on the premises that it pose a serious future burden to the taxpayers, its is also believed that in certain conditions government borrowing is acceptable. Analyze this conditions.
My late father was a high school teacher and I recently found among his things a 40-year old sheet with which I was once very familiar. He had used this sheet as an example of the kind of services provided by the Federal government.
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