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Your company manufactures controllers used in the production of commercial air conditioning units and currently selling them at $50 each. Marginal costs are $30 for production up to 10,000 units per month. Production cannot be pushed beyond 10,000 units per month. Is your company selling at the optimal price at which the company can maximize profits, if the price elasticity of demand is estimated to be -2 for prices between $45 and $65 per controller?Your company has developed a drug called Matrox that is an effective treatment for migraine headaches. You have just discovered that it can also be used for organ transplant patients to reduce the risk of organ rejection. The demand for migraine medications is considerably more elastic than the demand for drugs to reduce the risk of organ rejections. A study has indicated that the elasticity of demand for Matrox as a migraine medication is -4.0 but as a transplant drug it is -1.5. The marginal costis $5 per dose. Assuming you can price differently for the two different types of customers of the same basic drug, what would be the prices in the two markets?Describe the term economies of scale. Give a real life example of a business where you can see an application of this term.
Identify and define three components of a country's balance of payments. Describe the historical process of trade barrier reduction.
During a coffee-room debate among several young MBAs who had recently graduated, one of the young executives flatly stated, "The most this company can lose on its Brazilian division is the amount it has invested (its fixed costs)."
Joe won a lottery jackpot that will pay him $12,000 every year for the next ten years. If the market interest rates are currently 12 percent,
The change in the quantity of product C demanded in any given week is inversely proportional to the change in sales of product D in the previous week. That is, if sales of D rose by X percent last week, sales of C can be expected to fall by X perc..
Suppose the price of housing increases to 3, but the price of food stays at 10. Rewrite Jane's budget constraint and draw it on a graph. Now suppose the price of housing decreases to 1. Rewrite her budget constraint again.
Still remaining including the Ricardian framework, consider that Canada has 100 units of labor available for production while Mexico.
Explain how is it that monetary policy, such as open market operations.
Discuss and explain the components of GDP in the output approach and in income approach, NDP, NI, PI, and DI.
Alpha and Beta, two tiny islands off the east coast of Tricoli, produce pearls and pineapples. The production-possibilities schedules in the table below describe their potential output in tons per year. (a) What is the opportunity cost of pearls on..
Explain how could government make a choice among two health effects.
John Piderit the general manager of the Western Tool Company is considering introducing some new tools to the company's product line. The top management firm has identified three types of tools (referred to as projects A, B, and C). the various di..
What particular terms used in the subject of Macroeconomics can you apply to the question It will be better if you would reference relevant pages from your textbook. Also it will be a bonus if you could demonstrate your research skills by providi..
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