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The demand equation for a certain type of product is given by the formula p=200e^(-0.1q) where p is the price in dollars and q is the quantity sold per month
a) Find the Revenue Function (in terms of quantity)
b) Find the Marginal Revenue function (in terms of quantity)
c) Use calculus to approximate the revenue obtained from the sale of one more unit when 4 units are sold.
Illustrate what are different types of unemployment and how do they affect economy. Illustrate what is inflation. Illustrate what is deflation.
Examine any foreign currency of your choice (preferably one from an emerging market), and provide an analysis of that currency against the U.S. dollar over the 5-year period
Opponents of NAFTA point out that pollution is largely a free good in Mexico also that being free to pollute gives industries in Mexico an economic advantage over those in the U.S. also Canada.
Cell phone data plans are most useful when used with a smartphone, and smartphones are most useful when used with a data plan. As the price of data plans falls, the demand for smartphones will:
If my preferences are such to I am indifferent among apples also mangoes but I prefer mangoes to cantaloupe then draw my highest indifference curve.
Illustrate what is the "incubator effect" that Taiwan's government hoped would emerge in its EPZs.
The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,440,000, $148,000 in the common stock account and $2,730,000 in the additional paid-in surplus account. What was the firm’s cash flow to stockholders during 2014? What ..
If demand falls, what should happen to a monopolist's price, output, and economic profit? (Ensure question is answered completely). What is outsourcing? Describe (3) advantages and (1) disadvantage a firm has when they use this strategy.
Suppose the government increases purchases in an economy with a recessionary gap. How would this policy affect bond prices, interest rates, investment, net exports, real GDP, and the price level?
Principles of Economics: Supply and Demand Curves. It is important that you are able to apply demand and supply analysis to events that you experience or read about in your life.
How is purchasing power parity calculated and why is it superior to the exchange rate in making comparisons between per capita income levels in different countries. Why is the international US dollar used in making comparisons? How did Maddison estim..
Consider the game given above. (a) How many histories are in the game? (b) How many sub games are there? (c) How many strategies does player 1 have? Calculate this number. (d) Solve for the sub game perfect equilibrium using backward induction. Indic..
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