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What makes firms locate close to each other in the product space?
And what does it make them to differentiate themselves from their competitors?
Comment on its growth rates over the period of last ten years about 300 words.
Illustrate the effect of the price change. Be sure to fully label the graph and illustrate the gaines and losses in total revenue associated with the change. What happens to total revenue? Did you make demand elastic or inelastic? Why?
Consider a football stadium that has 3 seating sections (S1, S2, S3) in a row. The distance between sections S1 and S2 is the same as the distance between secti
Describe risks to network security and how they affect an organization, including the use of supporting examples
You would like to save money to buy a new car that costs $10,000, but currently only have $8,000 and you know you won’t have any further excess savings to contribute more to it. You have available to you a fairly good savings account which pays conti..
What is a relational database? What are the advantages of a relational database over a file system?
Martin is an expected-utility maximizer with utility function u (c) = 200vc. Martin has $100. Martin knows that if he leaves the money at home, then it has a pr
Find the demand for L and R. Now assume that the price of right shoes increases. What will be the substitution e ect from this price change? Explain.
One unit of labor can produce either 4 tons of papayas or 1 ton of bananas. Elucidate type of economic analysis is limited to testable, verifiable statements.
Suppose the government introduces a subsidy on firms’ sales (e.g. for every $1 of output sold, firms receive an additional 5 cents from the government). Keeping everything else constant, what do you expect to happen according to the frictionless labo..
What is meant by a marketing mix? Briefly describe how a firm configures its marketing mix.
Suppose that you can sell as much of a product (in integer units) as you like at $68 per unit. Your marginal cost (MC) for producing the qth unit is given by:
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