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When the demand curve and the supply curve both shift rightward at the same time (and that's the only information we have about this change) we can say that
the change in quantity is ambiguous but price definitely will fall
the change in quantity is ambiguous but price definitely will rise
the change in price is ambiguous but quantity definitely will fall
the change in price is ambiguous but quantity definitely will rise
Two incinerators are being considered by a waste management company. Design A has an initial cost of $2,625,000, has annual operating and maintenance costs of $950,000, and requires overhauls every 5 years at a cost of $1,650,000. Using a 8.0 %/year ..
What are the four roles that states can play in negotiated global environmental regimes? What determines what role a state might play? Why do states sometimes shift roles?
The existing equipment will be sold for $6,000. Illustrate what is the first cost that should be used.
What is the relationship between the ethical obligation of honesty and truth telling? Is it ever proper to not tell someone something he or she has a right to know? If so describe under what circumstances this might be the case How does this square w..
A firm production function is given by q = f(k,l) = k.l^1/2. Consider a short-run situation where the level of capital is fixed at k1. This firm’s profit function is of the form Π(p,v,w,k1) = a(w^b)(p^c)(k1^d) – vk1, where factor a is equal to [a]. U..
The three essential pieces of information in the abstract section of an informal document are
Calculate the elasticity for each variable. On this basis, discuss the relative impact that each variable has on the demand. Illustrate what implications do these results have for the firm's marketing and pricing policies.
There was some dramatic change in the market structure that the one firm merges all the firms in the aforementioned industry. That means now the industry has a monopolist. Find the price, quantity, and the level of profit that a monopolist will face...
When GM declared bankruptcy what happened to their shares of common stock? Could you purchase shares of GM stock when they were in bankruptcy? What was their stock value prior to declaring bankruptcy and what is their stock trading at now that they a..
How should the federal reserve react if they desire to bring inflation down to 3%. When will they achieve that goal?
A medical device company has a monopoly on a certain class of cardiac implants. Demand for the implants is given by P=28000-5Q and marginal revenue is given by MR=28000-10Q. The total fixed costs for the implants division is 50000 and the marginal co..
What is your assessment of business's response to product and service quality and safety? Have they done enough? What is missing from their approaches?
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