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As a manager of a firm you find the marginal cost of the firm to be $10 and the fixed cost $100. For the range of prices that you are planning to charge, own price elasticity of demand is believed to be –1.25. Calculate the optimal (profit maximizing) price that you should charge. Show all calculations.
Select any four of the six summary statements and explain in detail the significance and possible causes of each item. Be sure to use the economic concepts and polices discussed in your textbook where applicable. Identify possible economic policie..
A bank announces that it has changed its interest computation method to continuous compounding. Now $2000 left in the bank for 9 years will double to $4000.
How does the picture of investment described in your textbook compare to that illustrated by the authors of this group of readings 2. Is there anything that can be done to make our credit system a source of growth and stability
The flat-screen plasma TVs are selling extremely well. The originators of this technology are earning higher profits. What theory of profit best reflects the performance of the plasma screen makers?
explain the trade-offs between hubs and switches when planning for a small business network. the network is spread
a worker receives a 25 raise. as a result he decides to eat out twice as much as before and cut back on the number of
answer the following questions using examples and applications from the readings. justify your answers using economic
Suppose we have an economy in which G = 100, t = 0.26, Y = 3800, and YN = 4000. Then t rises to 0.28 as the same time as G rises to 1150. The overall impact of this resettling of the fiscal variables is ________ because ________.
"It is Adam Smith's greatest contribution that he recognized in the social world of economics what Isaac Newton had recognized in the physical world of the heavens: a self-regulating natural order." Paul Samuelson a. What was that "self-regulating..
Consider the annual worth of an investment that has the following parameters: a $500,000 initial investment, annual savings of $92,500 for a ten-year period, a salvage value of $50,000, and a MARR of 10 percent. What would the annual worth be if the ..
here is some data on the demand for lettucepricenbspnbspnbsp nbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbsp quantity
Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve, neither, or both. Which curve shifts, and in which direction What happens to aggregate output and the price level in..
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