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Problem
1. What is the term for pricing where a mark-up is added to the costs of production?
2. What are the main characteristics of a not-for-profit organization?
3. What is the definition of fixed costs?
Suppose that a $1 per litre tax is levied on the wine producers. Calculate the new equilibrium quantity and price of wine after tax. Use a wine market diagram to show this equilibrium point.
Was there too much focus on the macro climate and not enough on the micro climate? Do you concur more with Krugman or Giraud?
From the scenario for Katrina's Candies, determine the relevant costs for the expansion decision, and distinguish between the short run and the long run costs.
the firm currently uses 50000 workers to produce 200000 units of output per day. the daily wage per worker is 80 and
A simplified version of Suits' model of the watermelon market is as follows*-Demand equation: Pt = α0 + α1 (Qt /Nt ) + α2 (Yt /Nt ) + α3 Ft + u1t ,Crop supply function: Qt = β0 + β1 ( Pt / Wt ) + β2 Pt-1 + β3 Ct-1 + β4 Tt-1 + u2t - Ob..
A firm's production function is given by Q = KL, where MPL = K and MPK = L. The wage rate (W) = $50 and the rental rate per unit of capital (R) is $12.50. In the short run, capital (K) is fixed at 10 units. The short-run average total cost of produci..
Is it possible for companies both to maximize financial value for shareholders and to act responsibly in the communities in which they operate. Cite examples of companies that are doing so.
What is the optimal level of pollution reduction
In the early stages of recovery, the S&P 500 and other broad-based stock market indexes generally rose at least 25%.
What is the projected savings for the firm?
Southwest Airlines hedged half of its fuel supplies last year. Why not choose to fully insure by hedging 100 percent of them?
Let the demand curve for a good be given by P=60-Q. Also, suppose that the marginal and average cost of producing the good is MC=AC=20. For this demand curve, MR=60-2Q. Find the competitive and monopoly quantities and price.
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