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The Gringle Company has determined that the demand curve for its product is: Q=9300-8P
1) At what price and quantity would Gringle maximize revenue? What is its maximum revenue?
2) At what price and quantity would elasticity of demand equal -2.4. What is the P/MR at this point?
3) Assume Gringle wants to mark up its product by 40% above marginal cost. What price and quantity does this correspond to? What is the elasticity of demand at this point?
Linda made a deposit of $400 in her savings account 5 years ago. in the first year her account was earning 6%, but she did not deposit any money. in the second year her interest increased to 8%, when linda knew about the increase she deposited C amou..
whenever the same efforts must be made to uncork also pour both bottles.
One month ago, they added five workers, and productivity also increased by 50,000 pages per day. Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier?
Analyze the role of credit in our economy and how it influences the business cycle. In your answer, explain how the role of credit leads to the stability of our economy.
How does a government budget deficit affect the economy? Identify two periods in recent history in which the United States has run budget deficits. What were the reasons for the deficits during those time periods?
How does the adverse selection problem arise in the credit card market? How do credit card companies reduce the adverse selection problem that they face? To what complaint does this give rise?
Assume which, in the efficiency wage model, it becomes more difficult for the ?rm to distinguish high-ability workers from low-ability workers in the labor market.
Elucidate how much the last input added to the total amount of revenue. Elucidate how much the last input added to the total amount of production.
q. 1. when discussing the maximization of utility regardless of whether you chose to work more hours or fewer when
What will happen to the marketplace for debit-card transactions and Visa's profits in the long-run. Use graphs to support your analysis and briefly explain your graphs.
An industry said to be characterized by monopolistic competition is the apparel industry. Suppose you were hired as a consultant by a firm in this industry. How would advise the firm as to the levels of output, price, input usage, and advertising?..
Two companies compete for a share of the soft drink market. Each worked with an advertising agency in order to develop alternative advertising strategies for the coming year (e.g., a variety of television advertisements, product promotions, in-sto..
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