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Question: Suppose the demand curve is D(p)=100-2p. What price would the monopolist set if he had 60 apartments? How much would he rent? What price would he set if he had 40 apartments? How many would he rent? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.
the industrial revolution which began in the eighteenth century has had an ongoing influence on society as well as the
Discuss the growing disparity of earnings in our society in regards to facing a trade-off between equity and efficiency and what does this have to do with the Ten Principles of Economics?
Presume there are two consumers, A and B. The utility functions of each consumer are given by: UA(X,Y) = X*Y UB(X,Y) = 2X + Y The initial endowments are: A: X = 4; Y = 2 B: X = 6; Y = 8. Is the initial allocation Pareto Efficient? What is the margina..
Construct a scatterplot of the data. What characteristics of the plot suggest that a cubic regression would be more appropriate for summarizing the relationship between sunshine index and cloud cover index than a linear or quadratic regression?
Now suppose that all firms are revenue maximizers, taking prices as given, subject to a zero-profit constraint. Why is it difficult to contemplate an equilibrium in a case where there is free entry?
X and Y are substitute and normal goods. Other things being equal, the effect of an increase in the price of X would cause which of the following? a: A rightward shift in the demand curve for Y b: a downward movement along the demand curve for Y c: a..
How responsive do you think consumers will be to the price change when these fluctuations occur due to changes in supply? Why? Use the various determinants of elasticity to explain your answer.
An investor is about to make an investment of $45,000 in equipment that will bring a net annual income of $20,000. The equipment will last for only three years.
It was shown in the video that the United States had the comparative advantage in burgers. Using the table below, show and explain how Mexico.
With no government action to control pollution, what is the marginal social cost of the electricity generated and the deadweight loss created?
If overwhelming empirical evidence suggests that most of the economic value created in M&A is appropriated by the owners of the target firm most of the time, why do firms even bother with acquisitions? Why don't they instead adopt a "go it alone" str..
Let's find out what counts as money. In this chapter, we used a typical definition of money: "a widely accepted means of payment."
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