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Write an equation for predicting sales if Austen assumes that the percentage change in sales is twice as large as the percentage changes in income and advertising but that it is only one-half as large as, and the opposite sign of, the percentage change in competitor advertising. Use the variables S=sales, Y= income, A=advertising, and CA= competitor advertising
The firm's vice president for manufacturing hires you to out illustrate what combination of inputs the plant should use to produce 20 units of output per period. What advice would you give.
A recent study indicates to the long-run average cost curve for cellular telecom companies are basically flat. Illustrate what do you expect to happen to industry output.
One feature of a financial crisis is that there is a high demand for safe assets and a low demand for risky assets.
Elucidate what would be the P and Q in a competitive industry. Find CS and PS for a competitive industry and a monopoly. compare them.
Suppose the managers of the two firms decide to collude. If they formed a cartel, illustrate what would be the profit maximizing level of output.
Suppose a unit of quota rights allows the producer to sell a unit of output each year indefinitely into the future. Illustrate what increase in consumer prices will occur.
a company that recently spent $10,000 to develop a statistical software package.
Explain why government deficits in more troubled countries, such as Zimbabwe or Iran, tend to produce more inflation than deficits in less-troubled countries, such as Japan or United States.
the quantity demanded of Cake is 100 slices and the quantity demanded of cheese bread is 100 pieces.
How much would you have to invest today at 8% compounded annually to have $25,000 available for purchase of a car four years from now.
Compute the upper also lower limits within which marginal cost may vary without affecting the profit maximizing output or the price.
More than 85% of McDonald's restaurants around the world are owned by independent franchisees.
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