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1. Now assume the following specific demand equation: p = 9 – 0.3q; r = 0.1; R= 80; mc = 2. Suppose the resource price is currently $3 per unit. What is the depletion year for this resource under perfection completion? (Note: you may need to carry out some calculations in a spreadsheet).
2. Given the information provided in question 1,
a) What is the equation of MR?
b) What is the specific MR corresponding to the initial point characterized by p = 3?
c) Compute the optimal depletion year.
You are a division manager at Toyota. If your marketing department estimates that the semiannual demand for the Highlander is Q 100,000 -1.25P, illustrate what price should you charge in order to maximize revenues from sales of the Highlander.
Fiscal approach was expansionary because the full-employment budget deficit increased from one yr to the next.
Discuss an element of money of interest to you; i.e. its function, creation, deposit. Your post should be unique and different from any classmate. You can use the course textbook as well as the internet for your source. Be sure to make reference to a..
Monopoly Price is the same level where MR meets MC. Monopoly Demand is the Average Revenue. Airline Ticket is the Peak-Load Pricing. Electricity is the Intertemporal Pricing. Amusement Park fees are the Two-Parts Tariffs.
“Devoting a larger share of national output to investment would help restore rapid productivity growth and rising living standards.” Do you agree with this claim? Explain.
How to Restore Participating and Self-Support to Free Enterprise (Harvard University Press, 197), economist Edmund Phelps offers this plan to help the working poor: apply tax credits for “qualified employers” or hire disadvantaged people for “eligibl..
What motivated Europeans to initiate and undertake perilous voyages of exploration and discovery from the late fifteenth century onward? How was this related to the growth of the European nation-states? Who was most successful in these endeavors?
When the farmer makes this discovery, what happens to the opportunity cost of wheat, measured in bushels of corn?
What do you think businesses and other organizations in economic markets should do in order to make capitalism more sustainable and why?
Pat eats eggs and toast for breakfast and insists on having three pieces of toast for every two eggs he eats. Derive his utility function. If the price of eggs increases but we compensate Pat to make him just as "happy" as he was before the price cha..
You purchase a 1 year T-bill with a $10,000 face value at a price today of $9,756.0975 (a) What is the implied yield to maturity on the 1 year bond? (b) After 1 year, what is the rate of return of the T-bill?
I am also going to invest $ 100000 of my saings which were earning an average annual rate of 6 % what is my opportunity cost of opening a restaurant?
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