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If Mia views two cups of tea as a perfect substitute for one cup of coffee and vice versa, what is her marginal rate of substitution between tea and coffee?
An electric utility is considering upgrading its facilities to cut consumer costs. Currently these consumer costs total $350,000 per year. Transformer upgrade Y would have an initial cost of $750,000, would last for 20 years with no salvage value, wo..
q1. dynamic rather than static demand and supply conditions are typically observed in markets of real world. hence
The market supply and demand functions for a product traded on a perfectly competitive market are given below: Based on this information, calculate the equilibrium price and quantity in this market.
Forestry products account for nearly 3 percent (%) of Canada's GDP also 14.1 percent of its exports.
As the manager of a 60-unit hotel you know that all units are occupied when you charge $80 a day per unit. Each occupied room costs $8 for service and maintenance a day. In addition there is a fixed cost of $400 a day. You have also observed that for..
Using the concept of price elasticity explain why the price of basic commodities has to be regulated in price rise.
Distinguish between skimming price and penetration price policy. Which of these policies is relevant in pricing a new product under different competitive conditions in the market?
Why would consumers demand 0 minutes in the long run if the price was $.30 every minute.
How much profit does an unregulated monopolist earn? How much profit would be earned if MC pricing were imposed?
q1. suppose demand and supply are given by qd 7-12px and qs14p-12determine the equilibrium price and quantitysuppose a
Which of the following is not a way managers generally benefit from acquisitions?
Write a one page response to the following statement: "U.S. regulators should enforce antitrust laws against the Microsoft Corporation."
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