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The market for vitamins and dietary supplements is dominated by five firms. What type of market structure does it represent? Explain.
A coal mining company has a supply curve of W=48 + (72/2000)L and Demand of P= 60- (9/4000)Q. coal miners produce 8 tons of coal a day. they max profit. How many workers will be hired.
Wholesalers can buy roses at auction in aalsmeet, holland for $125 per container. a. Without international trade, what would be the price of a container of roses and how many containers of roses a year would be bought and sold in the United States
Solve the following linear programming model graphically. In addition, write the problem in standard form and do a constraint analysis for the optimal solution. Minimize 10x + 15y Subject to 5x + 2y ? 40 x + 2y 0
A population of students spends an average of $8 a day on dinner. The standard deviation of the expenditure is $4. A simple random sample of 64 students is taken. shape of the sampling distribution of the sample mean
Your accountants tell you that it costs $400 to set up an immunization program at a preschool and immunize one child against polio. It will cost $460 to immunize 20 more children.What is the cost per child for these additional 20 children
Sarah is awake for 100 hours per week. Using one diagram, show Sarah's budget constraints if she earns $6 per hour, $8 per hour, and $10 per hour. Now draw indifference curves such that Sarah's labor supply curve is upward sloping
If the price of milk increases by 10% and the quantity demanded decreases by 15%: a) Calculate the price elasticity of demand for milk b) Is demand elastic or inelastic in this range
Find the price elasticity of demand (at every price range) for the demand given below. Characterize the demand as elastic/inelastic/unit elastic at each one of these price ranges. P Qd 120 80 100 72 80 65 60 60
Mapleville Tennis & Golf Club offers golf and tennis memberships to the residents of Mapleville. Market research has found there are two types of families living in the city: 120 golf-oriented families and 100 tennis-oriented families.
David Ding advertises on a local radio station. For the past sixweeks, the manager has kept records of the number of minutes ofadvertising that were purchased, and the sales for that week. Week1, 2 minutes of advertising with $1.400 in sales.
Construct and show a gross margin budget for the activity. Construct and show a whole farm budget. Advise the farmer on the current and future profitability of the farm and possible options to improve performance.
In order to determine whether time is being spent optimally, a commercial fisherman has recorded the following information over the past year: "hours spent fishing" and "quantity of fish caught." What is the marginal product of fishing for hour sp..
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