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What do the tablet markets and the cell phone markets have in common? What are the different strategies for each of the four ps that tablet companies could use as a result of the similarities? Do you think they should why or why not?
Suppose two firms 1 and 2 compete in quantities and face a demand curve p = 100 - q. Suppose firm 1 has a constant marginal cost of 10 while firm 2 has a constant marginal cost of 40. Suppose they produce quantities simultaneously. a. Find q..
Liabilities and net worth Check able deposits 5000 Stock shares 1000 If the balance sheet above was for the commerical bank system, rather than one bank, by how much could the supply of money increase.
Assuming the phone company has to charge the same monthly rental fee and unit price to all its customers, at what level should it set these charges?
Last year, Pat and Chris occupied separate apartments. Each consumed 400 gallons of hot water monthly.
The night before an economic exam, you decide to go to the movies instead of staying home and working your MyEconLab study plan. You get 50 percent on your exam compared with the 70 percent that you normally score. a. Did you face a tradeoff
Suppose the price of housing increases to 3, but the price of food stays at 10. Rewrite Jane's budget constraint and draw it on a graph. Now suppose the price of housing decreases to 1. Rewrite her budget constraint again.
Insurance agents receive a commission on the policies they sell. Many states regulate the rates that can be charged for insurance. Would higher or lower rates increase the incomes of agents. distinguishing between the short run and the long run.
Small firms can discover the abilities of their workers more quickly than large ones because they can observe the workers more closely at a wide variety of tasks. Does it make sense for people with high abilities to go to small firms
uppose the Indiana Power Company wishes to maximize profits. The cost, demand and revenue functions have been determined and given below. Determine Indiana Power's profit maximizing price, output and level of profits.
Describe prison labour and elucidate how it affects different cultures also societies and explain the rise and fall of labour in prisons.
Elucidate factors would you consider before investing in the emerging stock market of a developing country.
In some countries, the role of women is not regarded in the same way as a man. how might this effect production in the country and the consequent effect on standard of living.
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