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Choco Delite is a manufacturer of fine chocolates. Its monthly rental expense is $1,000,000. It also has $2 million in fixed labor costs. Its marginal costs are $.70 per chocolate bar. If sales fall by 30 percent from 2 million chocolate bars per month to 1,400,000 chocolate bars per month, what happens to the AFC per chocolate bar? The MC per chocolate bar? What about the minimum amount that can be charged to break even on these costs?
discuss at least 2 operating systems that can be used in health care delivery. your discussion should include
economists use elasticity to measure consumer responsiveness to changes in the various determinants associated with
a. complete the table above. you do not have to complete any cell with - in it. be careful calculating mc and mr note
After owning a used car for two years, you start having problems with it. You take it to the shop, and a mechanic tells you that repairs will cost $4,000. What factors will you take into account in deciding whether to have the repairs done or to j..
Suppose that VerizonWireless has hired you as a consultant to determine what price it should set for calling services. Suppose that an individuals' inverse demand for wireless services in the greater Boston area is estimated to be P = 100 - 33Q and t..
What is the market clearing price for this market? What is the market quantity and calculate the Consumer Surplus (CS), the Producer Surplus (PS), and the Social Welfare (SW).
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Suppose that you have two straights lines, Line A and Line B. The points (x, y) = (2, 6) and (4, 2) lie on Line A. The points (x, y) = (1, 9) and (3, 3) lie on Line B. What is the point of intersection between Line A and Line B
How does price elasticity of demand affect how much of a tax is passed on to the consumer and how much is absorbed by the seller. Show the effect with graphs.
Do you think that there is a “retirement problem” in the US, meaning that individuals and families are not saving enough for retirement? What three original pieces of evidence support your observations and conclusions (journal articles, studies, spec..
how does the minimum wage law present a trade-off between economic efficiency and social
Developing a new product that is superior to competitor's brands or establishing a price for a new product using the law of supply and demand.
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