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An apple grower charges $22 for a 40-pound crate of apple. If customers buy more than 5 crates, he reduces the price by $2 per additional crate. What number of crate per customer maximizes the grower's revenue per customer? What is the revenue maximizing price?
Is the following, true, false, or do you need more information? Airlines should charge $1,300 for a first class ticket
Explain the relationship between the price of a resource and the quantity demanded of that resource with reference to supply, demand, and derived demand.
Write a 1,050- to 1,400-word paper on your selected service or product that discusses the effects of consumer demand on medical care services or products versus the economic variables of cost.
4.If the Fed buys $1 million of bonds from the First National Bank, but an additional 10% of any deposit is held as excess reserves, what is the total increase in checkable deposits if the required reserve ratio is 10%? (Hint: Start by examining T-ac..
Suppose that you are the only seller of paper in the market, and you know that John already has a printer, how much will you charge him for the (100 units of) paper?
What did classical economists assume about the flexibility of prices, wages, and interest rates What did this assumption imply about the self-correcting tendencies in an economy in recession What disagreements did Keynes have with classical econom..
Describe the competitive environment within the industry
Would you expect the price elasticity of demand to be higher at the level of an individual school (e.g., Baker) or at the aggregate level
An analysis of why consumers purchase online products versus that of shopping centres. Shopping malls, are an important part of any developing and advanced economy.
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Assume that a firm purchases R in a purely competitive resource market; that is, the firm can purchase any amount of resource R it chooses without affecting the price of R.
Explain how an increased federal budget deficit resulting from a recession can actually help stabilize an economy. Describe how adjustments in wages and prices take the economy from the short-run equilibrium to the long-run equilibrium
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