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What is Microsoft's target markets of its product line or line of business?
Does a mother working have a positive or negative effect on her children? In middle childhood the importance of peers grows in importance. List ways that peers affect children. How does friendship evolve during middle childhood?
What is the equilibrium price? If supply at every price is increased by 10 gallons, what will the new equilibrium price be?
A firm faces the demand curve Q = 20 – 0.8P and marginal cost MC = 2.5Q. If the firm cannot price-discriminate, what is the profit-maximizing price and quantity? If the firm can practice perfect price discrimination, how many units will it sell?
Theoretically, if there is free trade, exports will tend to equal imports through adjustments in the currency exchange rates. Demonstrate this adjustment process graphically and verbally.
Studies have fixed the short-run price elasticity of demand for gasoline at the pump at -0.20. Suppose that international hostilities lead to a sudden cutoff of crude oil supplies. As a result, U.S. supplies of refined gasoline drop 10 percent. If ga..
Given the following demand and cost conditions for a monopolistic medical practice, predict the proft-maximizing price and quantity of services utilized
Calculate the optimal outputs of each firm at the Nash Cournot equilibrium. Calculate the market price and individual and industry profits.
Jacob Viner originally envisioned a situation where, in the demand/supply graph of a trade-diverting customs union, the demand cureve was vertical and all supply curves (including the supply curve of domestic producers) were horizontal. In this situa..
Ann Page Corporation has fixed expenses of $30,000 per year. Variable expenses per unit are $17. Sales price per unit is $30.
Compute the equilibrium price (P) and quantities (Q) in each country without trade. Now assume that free trade occurs. The free-trade price goes to 56.36 Baht. Who exports and imports cameras and in what quantities?
Draw a correctly labeled aggregate demand and aggregate supply graph showing an economy in long-run macroeconomic equilibrium.
The demand function for a firm’s product is Q(P) = 50-P/10. The firm’s cost of production is C(Q) = Q^3-20Q^2+125Q. The firm’s problem is to choose the value of Q≥0 that maximizes its profit. Calculate the firm’s profit-maximizing price and quantity...
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