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Currently a monopolist's MR = $5 and its MC = $10 and it services 10 consumers. An 11th consumer walks in. Should the company service her?
Select one:
a. Yes, mr > mc, so it should service her.
b. Yes, mr < mc, so it should service her.
c. No, mr > mc, so it should not service her.
d. No, mr < mc, so it should not service her.
Before output has had time to adjust, by how much is disposable income reduced. Compute the resulting change in consumption expenditure.
marginal rate substitution kim enjoys eating muffins and cones.the following graph display one of kims indifference
Arrival rate of customers and processing times of customers each have a coefficient of variation = 1.0. On average, how many customers are standing lines.
A stock is expected to pay a dividend of $2.50 per share indefinitely. The stock is expected to generate a return of 8 percent in the foreseeable future. Based on this information, Compute a fair price of this stock.
Elucidate how many of the variable input should the firm utilize to maximize profits? Please verify. Note which in order to do this you want to utilize costs.
Two Processes are under consideration for a certain production. Process A needs acquisition of a new machine which is estimated
David gets $3 per month as an allowance to spend any way he pleases. Since he likes only peanut butter and jelly sandwiches, he spends the entire amount on peanut butter (at $0:05 per ounce) and jelly (at $0:1 per ounce). Bread is provided free of..
Elucidate how absolute also comparative advantages were used in your simulation. Elucidate the influences affecting foreign exchange rates.
Along the political spectrum of liberal to conservative, in what style might Le Locle Examiner be expected to be written? Explain your answer.
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?
give an example of a government created monopoly. is creating this monopoly necessarily bad public policy?explain two
Elucidate situations which use the IS-LM-FX model to illustrate the effects of the shock. For each case, state the effect of the shock on the following variables.
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