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discuss the implications of various market structure for price determination
EOQ formula The EOQ equation assumes demand is constant and steady. It also assumes that demand for different items is independent. This is inappropriate for controlling inve
1. National Marine Fisheries Service is considering closing a large area of federal waters to fishing in Alaska due to negative interactions of fishing with endangered Steller sea
prove that the utility approach and the indifference curve approach yield the same consumer equilibrium
give assumption, rules/formulas and demonstrate that ramsey prices are the seconnd best pricing. explain clearly.
Calculate the price elasticity of demand or supply for the following function when P=8 p=6(I)p=40-0.5q
Problem 1: (a) Explain the meaning of inflation. (b) "Inflation is always and everywhere a monetary phenomenon." Discuss this statement. (c) Briefly explain the link betw
With the recession, average incomes have fallen from $44,375 to $41,720. Before the recession Groucho's Gizmos sold 600 gizmos a month. As an economics, predict the number of gizm
Describe what the price elasticity of demand is and why it is of interest in examining markets. Might it be beneficial in the airline industry? Why?
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