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Describe the difference between average revenue and marginal revenue. Why are both of thes revenues measures important to a profit maximizing firm?
Clearly evalute at least three such factors that in your view should be included in the GDP calculations. Explain and illustrate how they will help to improve the GDP as a tool for measuring the well-being of a nation.
Illustrate what are some of the benefits also costs which contribute to your customer value from each of the subsequent products.
Using this demand function, find the total revenue function. What is the shape of the total revenue function.
Compute the resulting equilibrium price quantity combination for every industry. Illustrate your answer with a suitable graph.
Delineate which market participants you believe benefited from the final court decision and whose interests were harmed.
Assume that before the price of X2 fell, Fred had exchanged all of his inheritance of X1 and X2 for money, planning to use the money to finance his purchases later, explain how much of X1 & X2 will Fred consume after P2 fell to 1.
Product Y can be sold at a profit if $100 per unit, and product K can be sold at a profit of $25 each.
Describe three problems of decentralization that occurred under the Articles of Confederation. For each problem you list, identify one solution that the Constitution provides to address the problem.
Illustrate what is elasticity of demand at profit maximizing level of output. Without use of any calculations, determine wherefirm=s total revenue would increase, decrease, or stay same if CRAPCO attempted to increase its price by .2%. Explain how..
Compute the price elasticity of demand for TV Plasmas. Explain how could we classify the demand for TV Plasmas.
Walras Equilibrium with two consumers and two commodities, given endowments and preferences for both consumers.
Describe the characteristics of optimal contracts in principal-agent problems when the agent (manager) is risk neutral.
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