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Your company charges $60 for a board game it invented and has sold 3,000 copies during the last year. Elasticity for board games is known to equal 3. Use this information to determine a linear and power demand curve.
Which of the following is the best example of a monetary target that a central bank might adopt as monetary policy conduct?
What are two factors that can cause the nation's real GDP to increase in the short run? What are two factors that can cause the nation's real GDP to increase in the long run?
What variable adjusts to make the quantity of money held equal to money supplied?
q1. a war breaks out which destroys industry facilities including factories machine etc. explain how explain how this
Major soft drink companies have begun to phase out their previous system of marketing their product through independent bottlers and moved toward company-owned distribution systems. One issue is the coordination of pricing and marketing in the two ty..
Suppose that the natural rate of unemployment in a particular year is 4 percent and the actual rate of unemployment is 11 percent. Use Okun’s law to determine the size of the GDP gap in percentage-point terms. If the potential GDP is $500 billion in ..
Assume that the demand for chalk is = 8 0.1, where is the market price and is the total market output measured in thousands of boxes of chalk. Suppose that there are three firms in this industry, each of which has a constant variable cost of $2. Cons..
A wealthy businessman wants to start a permanent fund for supporting research on sustainability. The donor plans to give equal amounts of money for each of the next five years, plus one gift now (i.e., six donations in total), so that $100,000 per ye..
A medical device company has a monopoly on a certain class of cardiac implants. Demand for the implants is given by P=28000-5Q and marginal revenue is given by MR=28000-10Q. The total fixed costs for the implants division is 50000 and the marginal co..
A perfectly competitive business maximizes profit by producing at a rate where ________.
q1. relate opportunity costs to why profits encourage entry into purely competitive industries and explain how losses
Alice runs a restaurant and it is only open on Wednesdays and Saturdays. Her total cost is TC=10+q2 where q is number of meals served per day. Her restaurant is a price taker. A meal is sold at $12 on Wednesday and $20 on Saturday. Get her average c..
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