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Suppose demand is given by QD = 100 – P and supply QS = P. If sellers pay a tax equal to 10, what is the after-tax supply? Compute the before-tax equilibrium price and quantity, the after-tax equilibrium quantity, and buyer’s price and seller’s price.
What are "normal" goods? Give an example in our current economy and what are "inferior" goods? Give an example in our current economy.
suppose all firms in a perfectly competitive industry have the same short run labour demand curves. under what
how will the entry of firms such as apple google amazon hulu and comcast into the business of streaming movies affect
imagine that you have been hired as a consultant for a university that wants to leverage social media and networking
Opportunity cost is one of the cornerstones of managerial economics and the decision making. First, provide your own explanation of dissimilarity between opportunity and accounting cost, and accounting and economic profits. Then, please provide an ex..
Fill in the table for the perfectly competitive firm. Explain how you arrived at each number and what is the optimal output, price and profit of the firm?
The salvage value is expected to be $150,000 at anytime you sell the machine for the next several years. Your MARR is 10%. What is the optimum economic life you predict for the machine?
a firm produces digital watches on a single production line serviced during one daily shift the total output of watches
1. list and draw all the graphs showing all the ripple effects that happen in the economy when the fed initiates
The details about three identical firms operating in Cournot competition are given. The demand curve with marginal revenue, profit maximization, optimum quantity, total demand and market price related questions are answered.
The fashion (clothing), consumer electronics, fine fragrance industries are knwon to practice or have practiced resale price maintenance. In each case,indicate the probable motivation for RPM and the likely welfare consequences.
You purchased a new molding machine for $155,000 by trading in a similar machine that had a book value of $18,000. Assuming that the trade in allowance was $20,000 and that $85,000 cash was paid for the new asset, what is the cost basis of the ne..
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