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Many gyms offer a mixed two-part tariff pricing scheme. One can join the gym and then have daily access at a very low cost (often, free); alternatively, one can choose not to join and pay a higher daily fee (perhaps $10 or $15). Explain the rationale for this dual pricing scheme. What must be true of the gym's customers' demands?
Discuss the symbolic significance of the various settings in Wuthering Heights (Wuthering Heights, Thrushcross Grange and the moors) in connection with the elements of Victorian literature.
During the summer of 1997, Congress and the president agreed on a budget package to balance the federal budget. The "deal," signed into law by President Clinton in August as the Taxpayer Relief Act of 1997, contained substantial tax cuts and expen..
A CNC machine was purchased for $120,000 and has a five-year depreciable life. The shipping and handling cost were $15,000. The annual operational cost of the system is $10,000. The estimated salvage of the machine is $20,000 at the end of five ye..
Find the Nash equilibrium of Cournot's game when there are 2 firms, the inverse demand function is given by equation P(Q) = a - Q if Q a
Marcy needs about 6 hours per week for each college class. If she works two shifts each week, how many hours will she spend on her classes if working efficiently?
Are classes supplied through "a market" similar to what has been described in this chapter?
(Profile of Imports and Exports)What are the major U.S. exports and imports? How does international trade affect consumption possibilities?
Algeria has a negative trade balance of $7 billion. If it has a positive balance of goods of $10 billion, how much is its balance of services?
Show in a diagram how the capital-labor ratio is determined and what its value is in a steady state.
What is the marginal revenue function that corresponds to this demand curve?
Calculate the leading (non-constant) term in a low-temperature power series expansion of the energy in some variable at low temperatures. (Hint: the variable will be in the form of an exponential.)
Could this lead to increased inequality for entertainers? Discuss. (Related to Application 2 on page 164.)
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