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Question: Bruno owns an Italian gelato shop. The demand for gelato is q = 1500 - 250p, and his costs are TC(q) = q + 0.006q2. q is the number of scoops of gelato sold per week, TC(q) is Bruno's weekly total cost, and p is the price of a gelato.
(a) What price and output will Bruno choose to maximize profits?
(b) Bruno returns to college and asks hir cousin Marco to manage his gelato business. Marco faces the same demand and cost conditions as Bruno, but he decides to maximize revenue. What price and output should he choose?
1)Draw a set of indifference curves relating two “bads” such as smog and garbage. What characteristics do these curves have?
Determine the optimal size of the shopping center (to the nearest 100 square meters) based on existing estimates of the demand for retail space.
what would be the effect of each of the following on the supply of salsa in the united states? in each case identify
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As a policy analyst you have been asked to calculate the elasticity of demand for university courses. What is the price elasticity of demand for courses at the universities that increases their fees by 30%? Is demand for these courses elastic or i..
Many less-developed countries suffer at times from "capital flight," as individuals with sufficient income, banks, and large companies convert their domestic.
discuss the risk importer exporter lms and how to overcome it in each of the following economic conditions fluctuations
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A. In 1996, many cows in Great Britain came down with "mad cow disease". As a result, the nations of European union banned the import of British beef.
The French government decreased VAT (value added tax) on restaurants in November 2008 from 19.6 percent to 5.5 percent. However, an estimate shows that consumer prices have only decreased by 1.9 per cent.
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