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The following is part of a price schedule, showing the quantity discounts offered by a printing shop. Does something peculiar happen as the size of your order approaches the upper limit in a given price range? Explain in terms of Marginal Revenue to the printing shop. Can you think of a more sensible way for the printing shop to offer quantity discounts?
Size of your order Your price ($)
1–10 units .50 each
11–20 units .40 each
21–50 units .35 each
Over 50 units .30 each
Recent Research indicates the second hand smoke from cigarettes endangers the health of those who are in sustained contact with smokers. Explain why the Market, operating on its own, will lead to an overproduction and over consumption of cigarettes.
Colleagues, assess and explain a major trade regulation or policy of the United States (please choose a regulation or policy other than one already discussed by your classmates). What purpose(s) does the regulation or policy serve?
In the short run, at a market price of $15 per shirt, this firm will choose to produce shirts per day. On the previous graph, use the blue rectangle (circle symbols) to shade the area representing the firm's profit or loss if the market price is $1..
what price will the firm charge to maximize its profits? what are total profits? Would a 50% tax on profits alter the firms output? by what amount and why?
In what industry will a given percentage increase in production workers result in the largest percentage increase in output.
Consider the following table displaying annual growth rates for nations X, Y, and Z, each of which entered 2009 with real per capita GDP equal to $20,000: Which nation most likely experienced a sizeable earthquake in late 2009 that destroyed a signif..
Defend the Process of developing a mission statement. Why do you feel that this process is necessary and complementary to strategic management? Support you answer with at least two examples.
Suppose the factors of production are ?xed and furthermore suppose the Fed announced today that they are going to reverse the quantitative easing e?orts and decrease the money supply in the near future. What happens to expected in?ation? What happens..
The impact of a catastrophic failure can be the difference between making and breaking an organization. Many government agencies and enterprise organizations practice full-scale recovery. RIM / Blackberry suffered a major catastrophic failure in i..
Imagine that politicians have decided that fuel prices are excessive for U.S. drivers and have passed a law that grants the power to regulate retail fuel prices to the U.S. Department of Energy. • How might supply and demand for fuel be affected by f..
Q = 12S1/2P-2. Q is number of newspapers sold and S is number of inches of news printed. The cost of reporting S units is $10S. The cost of printing one copy of the newspaper is $0.08, so the total cost of Q = $10S + .08Q. Using fact that MR = P(1+1/..
North Western Manufacturing has the production function Q = min{0.25K, 0.5L}, where K is units of capital and L is hours of labour. Without any warning, the price of capital doubles. What should North Western Manufacturing do in response? Explain. If..
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