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Q. What changes in sales would you anticipate if you were manager of a Dodge/Plymouth franchise? Why? Answer: Or things equal, your sales would rise. However, given oligopolistic nature of industry, you should anticipate that automakers like General Motors and Ford will likely counter with similar incentive programs, which will mitigate to some extent sales increase you otherwise would have enjoyed. Orion and Zeda are only producers of a unique product that sold in a market where inverse demand curve is P = 200 - 2Q. Firms produce identical products and have identical cost functions given by C (Qi ) = 4Qi . managers of each firm must decide on their outputs on Monday morning and n bring products to market by noon. A. What is each firm's marginal revenue? Marginal cost? B. Equate each firm's marginal revenue to marginal cost. C. Use your result in part (b) to solve for each firm's reaction function. D. Use your results in part (c) to solve
Elucidate why would elasticity of demand be important to you in determining the products on which the taxes should be levied.
If the fluctuations in the economy's real growth rate from year to year are caused primarily by variations in the rate at which aggregate delivery increases
Suppose that an increase in crime (O) also results in a per unit amount of social damage equal to d(d>0).
Enron will be an example of a dysfunctional organization for many years to come. It was clearly a organization riddled with fraud also excess also its conduct drove it into bankruptcy.
Yet many financial decision-makers at some of the most prominent firms in the world continue to use less desirable measures such as the payback.
If the average worker produces $80,000 of GDP, explain by how much will GDP increase if there are 150 million labor-force participants and the unemployment rate drops from 5.2 to 4.5 percent.
Solve for equilibrium real output and also solve for the equilibrium interest rate.
Why is productivity related to the standard of living. In your answer be sure to explain what productivity and standard of living mean. Make a list of things that determine labor productivity.
List several ways that people and businesses in the green movement are participating.
Make a table showing the value of marginal product for each screen from the first through the fifth. Illustrate what property is illustrated by the behavior of marginal products.
Discuss the individual firm's Marginal Cost, Averaged Cost and Average Variable Cost functions, and use this to calculate industry supply.
Elucidate what will happen to equilibrium cost and quantity of satellite TV service if wages of workers who provide satellite TV service increase while at same time cost of cable television service.
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