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The demand for snoofs is found to be Q = 1000 - 12Ps - 5Pt + 0.4Y, where Ps is the price of snoofs in dollars , Pt is the price of toofs in dollars, Y is income in thousands of dollars and Q is quantity of snoofs in thousands. Currently, Ps =40, Pt = 30, and Y=30. If the Snoof Company wanted to maximize REVENUE, what price would they set? Please use up to two places after the decimal in your calculations.
What is the answer to this? I thought it was $40, but I am not sure where to go after multiplying each factor (12x40, 5x30, .4X30)?
If economists wish to determine relative factor abundance across countries, why don’t they simply calculate w/r ratios across countries and then compare these ratios?
Intellectual property refers to the rights of intangible property (IP) such as copyright, trademark, patents, and trade secrets. Explain the rights and responsibilities a company has in protecting its IP and the employees' responsibilities in protect..
Suppose that the return on short-term government securities (perceived to be risk-free) is 5%. Suppose also that the expected return required by the market for a portfolio with a beta of 1.6 is 18%. According to the capital asset pricing model (CAPM)..
If sales fall by 20 percent from 1 million papers per month to 800,000 papers per month, what happens to the AFC per paper, the MC per paper, and the minimum amount that you must charge to break even on these cost.
How can Avon handle making alliances and acquisitions globally and discus Avon's corporate strategy for structuring, and learning globally?
In a free market, assuming that the expectations of buyers and sellers are accurate, every transaction should involve... Consumer surplus and producer surplus, Consumer surplus or producer surplus, but not both
If oligopolists compete hard against each other.
According to the Neoclassical Counterrevolution theories, which is the main reason for underdevelopment? According to the Solow growth which is the source of long-term economic growth? List the three components of economic growth.
Illustrate the full income budget constraint on an individual who has T0 units of discretionary time, Y0 units of unearned income and a wage rate of W0. In the same diagram, illustrate the utility maximizing choice of leisure and goods/income. Indica..
Use Select and appropriate joins to display all columns from the Faculty and Course tables for each Faculty and Course in the FacultyCourse table.
a) Unemployment is strongly countercyclical. Is this stylized fact of the business cycle fact consistent with the Business Cycle theory?
Environmental policies: Explain the overfishing problem in Singapore. What are the private costs of catching fish faced by any one fisherman? What is the external cost (negative externality) of catching fish generated by any one fisherman?
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