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Suppose that you sell "gummies" to kindergartners. Each "pouch" costs you $2.75 to make and distribute. You know that no one will buy a pouch at $5, but if you keep lowering your price by $.25, you can keep selling another one. How many pouches will you sell to make the most profit?
Richtone Design Group LLC (Richtone) is a New York limited liability company (LLC) that owns the copyright to the Pilates Teacher Training Manual and licenses fitness instructors to teach pilates exercise programs. Live Siri Art, Inc. is a California..
Ryan has income of $1000 today and $500 tomorrow. Ryan can lend and borrow at an interest rate of 10%. There is 5% ináation. His preferences for intertemporal consumption are represented by the following utility function u(c1; c2) = c1c2. What is his..
How much Wyandotte have to decrease the price of polyol to attain a 15% increase in the quantity sold.
Suppose that there are only two goods, books and coffee. Wally gets utility from both books and coffee, but his indifference curves between them are concave rather than convex to the origin. What do these particular indifference curves tell you about..
Determine whether or not government regulation to ensure fairness in the low-calorie, frozen microwavable food industry is needed. Cite the major reasons for government involvement in a market economy.
What is meant by the term economic integration? What are the various stages that economic integration can take? Under the European Union's common agricultural policy, a variable import levy equals the:
In the United States, the distribution of income is more unequal than the distribution of wealth. Explain this idea and address how reducing inequality could be a macroeconomic goal. Finally, what insights would Marx provide on understanding why ineq..
Consider the following distribution of income in a 12 person economy, with the modern urban wage=3, the traditional rural income=1 and the informal urban wage = 2: (1,2,3,1,2,3,1,2,31,2,1). the poverty line is at 1.3. What is the level of absolute po..
Consider the open economy model. Suppose that U.S. investors decide to invest more in Canada. What happens to the real interest rate, the real exchange rate, the net capital ouflow, and the net exports in Canada and in the U.S.?
What is the profit-maximizing price and output level? Solve this algebraically for equilibrium P and Q and also plot the MC, D and MR curves and illustrate the equilibrium point.
Which of the following is NOT a characteristic of a perfectly competitive market? A market failure is a situation in which:
Identify which strategies survive iterated elimination of dominated strategies. Identify the pure strategy Nash equilibrium for the game. Construct mixed-strategy Nash equilibrium for the game.
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