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Question: Suppose you own a tax preparation services company, appropriately named "MYBA Services" (MYBA = 'Minimize Your Burden of Assessment') with fixed costs of $3,000/month and marginal costs of $25/appt. If the price is $60/appt, 500 appointments would be sold. If the price is $50/appt, 760 appointments would be sold. a.) (3) Use these figures to calculate the price elasticity of demand for your services. b.) (4) Calculate the monthly profits and profit margins (profit/revenue) associated with the price of $60/appt and $50/appt. c.) (4) Given these calculations, what price should you charge for your services, $50/appt or $60/appt? Explain.
What is the opportunity cost of working at the internship and it is unreasonable that companies must pay an average of $15,000 per year to provide health insurance for an employee and their family.
What is Fox Mulder's trade-off? How many UFO videos must he give up to purchase an additional conspiracy theory magazine?
Explain the difference between perfect and imperfect markets.
Write a 2500 words research paper, great recession and imperfect markets includes data and graphs.
What is the difference between demand and supply curve.
Other things equal, an increase in the demand for American goods by residents of other countries will cause a. the dollar to appreciate b. the dollar to depreciate c. the dollar to remain unchanged d. the U.S trade balance unchanged e. none of the ab..
An online stock trading company makes part of their revenue from clients when the clients trade stocks therefore, it is important to the company to have an good idea of how many trades its clients are making in a given year. In a sample of 120 client..
Derive the quantity produced by each firm in the long-run equilibrium and what is the long-run equilibrium price
The sample mean was 42,300 miles and the sample standard deviation was 7,500 miles. What is the 95% confidence interval estimate for the tread life of that entire model produced in the past month?
Can this ?nancial in?ow be explained using our model? What would happen if the market believed that another devaluation would occur in the near future?
Does it make sense to hold sleep, work, and leisure fixed while changing study? Why or why not? Explain why this model violates the assumption of no perfect collinearity.
In an economy there is only one output, cookies (C) which is produced with one input labour (L). The wage for labour is fixed at w per hour and the price of cookies is P. A firm in this economy has a production
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