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In the past, Judy Holmes' tire dealership sold an average of 1000 radials each year. In the past two years 200 and 250 respectively were sold in the fall, 350 and 3oo in the winter, 150 and 165 in the spring, and 300 and 285 in the summer. With a major expansion planned, Judy projects sales next year to 1200 radials. What will the demand be each season?
Calculate the Y values corresponding to the X values given below. Find the critical values for X for the given polynomial by finding the X values.
Determine how pricing relates to elasticity of demand for competing models. Identify the market structure of the industry (monopoly, oligopoly, monopolistic competition, pure competition).
A firm uses capital and labor to produce output according to the production function q =4 rad(KL) , for which MP L= 2 rad(K/L) and MP K= 2 rad(L/K). If the wage w=$1/labor-hr. and the rental rate of capital r=$4/machine-hr., what is the least expensi..
Suppose the parameters of the Romer model (the no-capital version) take the following values: A¯ 0 = 100, ¯` = 0.10. ¯z = 1/500, and L¯ = 100. What is the growth rate of output per person in this economy? What is the initial level of output per perso..
Refer to the above data. The total variable cost of producing 5 units is:
What is the smallest per product unit subsidy that must be paid to the monopolist in order to induce it to produce 7 units of its product?
Calculate output, price, total revenue and total profit at revenue maximizing activity level and n at profit maximizing level.
Pick two points that represent an economy growing from an inefficient level of production to another inefficient level of production.
You have been hired by the town of Bedford, Ohio, to conduct an analysis of ongoing operations by a local Coca Cola bottler. A study by the Ohio Environmental Protection Agency found that this firms’ water pollution is negatively affecting the enviro..
You have just graduated from college and received a job offer from a local company as a project engineer. The job pays an annual base salary of $55,000, which is paid at the end of every year. You will receive a salary increase of 4% per year, plus a..
Assume the average worker has 100 hours of leisure and could earn $10 an hour. Suppose the social security disability insurance (DI) program was structured so that otherwise eligible recipients lost their entire disability benefit if they had any lab..
Why does inflation affect increase in Social Security and or profits. Is this effect a cost of inflation, as article suggests. Why or why not.
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