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Imagine that you have decided to open a small ice cream stand on campus called " Ice-Campusades' . You are very excited because you love ice cream (delicious!) and this is a fun way for you to apply your business and economics skills ! Here is the first month's scenario-- you order the same number ( and the same variety) of ice cream each day from the ice cream suppliers, and your ice cream are always marked at $1.50 each . However, you notice that there are days when ice cream remain unsold but other days when are not enough ice cream for the number of costumers. Use your knowledge of the factors that cause shifts in demand, and in a multi-paragraph essay, provide at least three reasons why ice cream sales fluctuate in this manner. ( Apply only the factors you think are applicable to explaining this scenario.) Now assume that a month later, the school allows a competing student the right to sell ice cream on school property. ( The number of students in campus remains largely unchanged.) What do you think will happen to the price of ice cream at your campus? Explain in detail. Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience. Organize in a clear logical manner as appropriate for the genre of writing. Use well-structured sentences, audience-appropriate language, and correct conventions of standard American English.
Compute the marginal cost in the given case. Illustrate what is the marginal cost with 8 workers to two decimal places.
How much should thismonopolist produce in total and how much will each plant be producing at the profit maximizing level of output?
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Suppose a monopolist faces a demand equation given by P=20-Q, and MC=AVC=ATC=$6.What is the profit -maximizing price for the monopolist?
Frigid Florida Winter is Bad News for Tomato b Lovers An unusually cold January in Florida destroyed entire fields of tomatoes and forced many farmers to delay their harvest. Florida’s growers are shipping only a quarter of their usual 5 million poun..
unemployment and the effects on the economy seven dollars and fourth five cents is the hourly wage set by the state as
Banks are reluctant to borrow from the Fed’s discount window because it’s looked down on by other banks. Other banks think that if a bank needs to use the discount window, it’s probably not very healthy. Explain why.
Find the optimal (profit maximizing or cost minimizing) output of each firm. Find the price that each firm charges at the when producing the optimal output.
You also know that the supply of private savings (Sp) curve is given by the equation r = 2 + (1/300) Sp where Sp is the quantity of private savings supplied at any given interest rate.
You are the manager of a monopolistically competitive firm, and your demand and cost functions are given by Q=20-2P and C(Q)=104-14Q+Q^2
Under typical welfare programs, welfare recipients receive a cash transfer and any wage earnings they have are taxed at the rate of 100% (i.e. if the cash transfer with 0 earnings if 400 Euros, then a person with 100 Euros in labor earnings gets a ca..
Diminishing marginal productivity of capital. Change of saving rate and shift of savings-investment function Change of population growth rate and shift of breakeven investment function.
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