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The monthly revenue of a certain comany is given by R=820p-7^2p, where p is the price in dollars of the product the company manufacturers.
At what price will the revenue be $12,000 if the price must be greater than 50?
The Wall Street Journal's experience after it increased its price to 75 cents. Illustrate what implicit assumptions are the publisher and the analyst making about price elasticity.
If the price of coffee increases, we get a positive rate of inflation, even if no other price rises. Is this really inflation? Explain.
q1. price fixing is a per se violation of the clayton antitrust act. from the materials in the library and the internet
At a management luncheon, two managers were overheard arguing about the following statement: "A manager should never hire another worker if the new person causes diminishing returns." Is this statement correct? If so, why? If not, explain why not.
Disability payments replace a higher fraction of the wages of low-wage workers than of high-wage workers.
Suppose a duopoly and let demand be specified by P=A-BQ. In accumulation both firms have same marginal cost c. Interaction between the two firms will be frequent infinite.
Illustrate wwhat is the effect on the market for one hour of babysitting services in Middling today.
If the average worker produces $80,000 of GDP, explain by how much will GDP increase if there are 150 million labor-force participants and the unemployment rate drops from 5.2 to 4.5 percent.
Dane decides to give up a job earning $100,000 every year as a corporate lawyer also converts the duplex that he owns into a UFO museum had been renting the duplex for $20,000 a year.
q. gains from trade will result if a country specializes ina. the goods in which it have a comparative advantage.b. all
A price index for nonresidential construction was 14 in 1949, 92 in 1987, and 114.5 in 2000. According to these numbers, what did the hospital cost approximately.
Suppose the economy is experiencing a recession and high unemployment. What would be the interpretation of how an expansionary monetary policy would address this problem?
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