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If the marginal revenue from a product is $15 and the price elasticity of demand is ?1.2, what is the price of the product?
The graph also shows the marginal revenue curve faced by this firm. Elucidate how much profit does the monopolist earn.
Can you give examples of the companies that have high pension costs. Why are companies using more technology input while reducing labor input. Explain why are the Average Cost Curves U-shaped.
Elucidate what is the implication of the efficiency wage theory for unemployment. In what way are piece rates, commissions, royalties, profit sharing, and stock options substitutes for efficiency wages.
Describe the goals of the factory owners? Describe the goals of the employees? Describe the problem caused by the scarcity. What is the price of a life.
What will happen to Jill's consumption in first period when interest rate increases. Is Jill better off or worse off than before interest rate increase.
What is the rationale behind the choice of target or acquirer, if appropriate for your opening bid and your overall bidding strategy.
Elucidate why the general level of wages is higher in the United States and other industrially advanced countries. What is the single most important factor underlying the long-run increase in average real-wage rates in the United States.
Suppose the demand for good X is given by Qdx = 10 - 2Px + Py + M. The price of good X is $1, the price of good Y is $10, and income is $100. Given these prices and income, how much of good X will be purchased?
In equilibrium, what is the price and quantity of toasters? What kinds of toasters are bought and sold and which option will a low-quality producer choose
Suppose that two people, Mary and John each live alone in an isolated region. y each have same resources available and y grow corn and raise pigs. What is John' opportunity cost of producing corn.
The Performance by Patrice (PbP) Company purchased a Centaur Computer controlled manufacturing milling machine for $635,000 for use in its rear end manufacturing operations on November 8, 2007.
Edison Electric Company's president has been arguing that residential electric rates need to be raised relative to industrial rates.
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