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Your dental clinic provides 3,000 exams for private pay patients and 1,000 exams for members of a union. Your fixed costs are $50,000 and your incremental cost is $40.
If the union negotiated a fee of $45 instead, what would you charge private pay patients? (Round to the nearest whole dollar).
Why do you think that whenever the government wants to increase their revenue they usually decide to increase the tax on items such as gas, tobacco products and/or alcohol? Why is it unlikely that a firm would sell at a price where its demand curve h..
Present the arguments for free trade and the arguments for protection of the US domestic steel industry. Analyze and evaluate the arguments. What policy should we follow in the steel industry and why
Discuss the point price elasticity of demand for Tweetie Sweeties. Discuss the point advertising elasticity of demand.
Illustrate what is the money multiplier. Illustrate what is the available lending capacity.
Which of the following institutional arrangements is most likely to promote growth.
The following shows the demands and marginal revenue in two markets, 1 and 2, for a price discriminating firm along with total marginal revenue, MRT, and marginal cost MC: Compare the demand conditions in each market; i.e. how do the two markets diff..
A firm has a fixed cost of $200 in its first year of operation. When the firm produces 99 units of output, its total costs are $4,000. The marginal cost of producing the 100th unit of output is $700. What is the total cost of producing 100 units?
The ending of company prepayments balance is expected to be the same as its beginning prepayments balance.
The fact that many stores in the United States have found it economical to accept credit cards has: The demand for money is higher in Japan than in the United States because: Fiscal policy that decreases aggregate demand is: An inflationary gap can b..
Assume to fruit-picking can be done by children or adults, but to adults are twice as efficient as children
Assuming you have a capital budgeting problem with 6 investment options, what is the maximum number of investment combinations you would have to test? Calculate. Show work
Is stability in the general level of prices through time important? Why or why not? Should price stability be the goal of monetary policy? Explain your responses.
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