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Price Quantity Demanded (per week) Marginal Cost Total Revenue Marginal Revenue Fixed Cost Total Cost $60 1 $50 $60 $60 $40 $90 55 2 20 110 50 40 110 50 3 24 150 40 40 134 45 4 29 180 30 40 163 40 5 35 200 20 40 198 35 6 45 210 10 40 243 According to this chart how do you answer the following questions a. Assuming you are currently charging $55 per table set, what should you do if you want to maximize profits? b. Given the demand and cost estimates, what price should you change if you want to maximize your weekly profit?What output should you produce? What is your weekly profit? Answers
question 1 nbspdemand elasticity commuters in a medium-sized city can travel either by automobile or by bus. the demand
Please share your understanding of the relationships between expenditures and sales. You are encouraged to discuss all of the marketing, advertising, promotions, and any other expenditure related to sales.
"National Accounts" and then "National Income and Product Account Tables.
consider competitive markets monopolies and oligopolies. what role does each of these play in an economy? write a 1050
by Richard Easterlin, the level of per capita income achieved in the South after the Civil War remained considerably below that in the rest of the nation as late as 1930. Evaluate the hypotheses that have been suggested to explain the poor econo..
a. do you think that nearshoring or outsourcing will continue for u.s. companies?b. identify a legal job that you
Suppose you have 10 indivduals with vales ($1, $2, $3, $4, $5, $6, $7, $8, $9, $10. . our marginal cost of production is $2.50. What is the profit-maximizing price?
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Why is the long-run aggregate supple curve vertical Explain the shape of the short run aggregate supply curve. Why is the short-run curve relatively flat to the left of the full-employment output and realively steep to the right
1. suppose that you have been appointed as an environmental adviser to a government enquiry into shale gas fracking and
Suppose that there are 150 houses in the community with 2,000 square feet (providing services that rent for $10,000 per year). The interest rate is 4% and with proper maintenance all of the houses will last forever. In an election the population deci..
A friend of yours just bought a new sports car with a $4500 down payment, and her $27000 car loan is financed at an interest rate of 0.50 percent per month for 48 months. After 2 years, the "blue book" value of her vehicle in the used car marketplace..
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