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Tuan lives in a town with only one movie rental store. Suppose Tuan's demand for movie rentals per month is Q = 16- 2P . The movie store currently charges $5 per movie, but is thinking of adding a flat monthly cardholder fee, and dropping the price to $2 per rental. At this new price, what is the largest cardholder fee that Tuan will pay? If the rental store has a constant marginal cost of $2, which strategy is more profitable?
Someone proposes to buy the farm from you for $1 million. Would you make more by selling the farm or keeping it
Teapot Dome was a successful government project to displayed Harding administration's policy of a laissez faire government. Elucidate
Describe how a developing - emerging economy can benefit from trade with a wealthy country even if it has no absolute advantages.
Elucidate how does consumer surplus after the discovery compare to Illustrate what would exist if the New Jersey oil were supplied competitively.
Use the midpoint method to compute your price elastcityof demand as the price of compact discs increases. Compute your income elasticity of demand as your income increases.
Compute new supply of $ at each exchange rate and graph the new supply curve.
what is the output level does the marginal cost curve cross the average cost curve. Compute her accounting and economic profits.
Assume to you live in a simple economy in that only three goods are produced also traded: fish, fruit also meat. Illustrate what additional information might you require constructing your measure?
For every of the subsequent goods, indicate whether you expect demand to be inelastic or elastic also explain your reasoning
Remain in mind about your paper that is going to be read by people without previous knowledge of game theory.
Think of any financial innovation in the past ten years
How might you construct a measure of the "change in the price level" What additional information might you need to construct your measure.
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