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Q. Assume to there are two segments to the market for rental cars. The Demand for rental cars by trade travelers is Qb = 35 - 0.25P also the Demand for rental cars by vacation travelers is Qv = 120 -1.5P. (As (most of the time) in class, rental cars should be treated as perfectly divisible. For example, one might have 3.25 cars.)
(a) Graph the market Demand curve. Be sure to provide numerical coordinates for any particularly key point(s) on this Demand curve.
(b) Assume to the present price is P = $40. Illustrate what is consumer surplus?
Antitrust act that bans anticompetitive mergers that occur as a result of one company acquiring the physical assets of another company.
Illustrate what was the impact on the supply also demand of labor on one sector of the labor market. Elucidate the factors which affected labor demand also labor supply in the chosen historical example.
Calculate the total fixed costs, total variable costs, average fixed costs, average variable costs, average total costs, as well as marginal costs.
Suppose which the owners of the only gambling casino in Wisconsin spend large sums of money lobbying state government officials to protect their monopoly of gambling.
Microsoft appears to have a monopoly with over 90 %of the personal computer operating market. Why then would it not be charging a monopoly price
change if buyers pay $8 every unit to the intermediary but sellers offer to rebate part of that expense to buyers.
What is the output of each firm if they collude to produce the monopoly output. What profit does each firm earn with such collusion.
Mustard and mayonnaise are substitutes. Mustard and relish are complements. Mustard is a normal good. During the summer, about 50% of all mustard was recalled by manufacturers and removed from store shelves.
What is the function, as well as what are the main ingredients as well as connections within the policy planning network doing off describes.
Based on the information conveyed by the demand curve expressions, how would you explain the price difference between the two meals.
Conclude whether there is an arbitrage opportunity in the option market, using the put-call parity.
Explain how much shelter can she buy if she purchases 2 units of food.
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