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A market has a demand curve described by P=30-Q, a supply curve described by P=16+Q, and a price ceiling of 20. Calculate the Total Surplus of the market with the price ceiling?
Determine what are the impacts of innovation and technology on the cost of production and explain how does technology affect market structure and real world competition?
according to the rule for optimal input usage a firm should hire a person as long as her marginal revenue product is
Two months later, Mrs. Dodge split the workforce into two specialty groups, appointing Betty as the supervisor of one section and taking the other for herself. Betty's group consisted of three people: the two newest, whom she had trained, and one ..
assume the demand curve faced by a monopolist is given by the following tableprice demand total revenue marginal
in this question you will examine the effect of a sales tax on a monopolists profit maximizing price and rate of
A 20-year-old student decided to set aside $100 on his 21st birthday for investment. Each subsequent year through 55th birthday, he plans to increase the investment on a $100 arithmetic gradient. He will not set aside additional money after hi 55th b..
it seems most everything we buy these days has the label made in china. china has become the second largest world
retailers such as neiman marcus and rei have generous return policies. other retailers provide price-match guarantees
Discuss the difference between how accountants and economists calculate profit giving example of costs each might use in this calculation.
An end-of-sale price promotion changes the price elasticity of a good from -2 to -3. If the normal price is $10, what should the promotional price be?
price fixing is a per se violation of the clayton antitrust act. from the materials in the library and the internet
glucose levels in patients free of diabetes are assumed to follow a normal distribution with a mean of 120 and a
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