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Suppose the market demand function (expressed in dollars) for a normal product is P = 480 – 4q and the marginal cost of producing it is MC = 2q, where P is the price of the product and q is the quantity demanded or supplied. Here are the specific questions: (show your work).
How much would be supplied by a competitive market?
What would be the magnitude of the net benefits (in dollars)? Draw your answer on a graph as well.
Suppose the government restricts output to q = 20. How much is net benefit reduced?
Illustrate what is the graph among utility and income,when marginal utility of income increases or deminishes.
What factor(s) in demographic segment can have significant impact on U.S. restaurant industry? How does each of these factors shape the growth and changes of the industry? What are the future trend of each factor and the resulting changes of the indu..
Some, like Santander, have quietly expanded into or business lines; its consumer-credit division is Europe's biggest car financier. What is next.
Which of the following is true about a content chunk on a web page?
You are the manager of global opportunities for a U.S. manufacturer, who is considering in Europe expanding sales.
Describe the changes in the model parameter(s) and resulting changes if any in the hiring decisions of the three types of firms.
A portfolio has an average return of 12.4 percent, a standard deviation of 15.8 percent, and a beta of 1.35. The risk-free rate is 2.6 percent. What is the Sharpe ratio? Your portfolio has a beta of 1.17, a standard deviation of 14.3 percent, and an ..
Why are vision and mission statements important to strategic development? How might leaders and managers view and use vision and mission statements differently?
In response to the terrorist attacks of September 11, 2001, airline security screening increased dramatically. As a result, the travel time of airline passengers has increased substantially. Would it make economic sense to devote enough resources to ..
Why do five pillars of Islam make it an ideal religion for a nomadic people. Why did African rivers turn out to be a disappointment to European colonial powers.
If real income in a country falls, then the demand for money will ____________ , leading to a ________ in the interest rate and a ____________ of the currency.
You are advising a software firm on developing appropriate disclosure policies. You spend some time analyzing the past data that the firm has made available to you and come up with the following numbers for a typical software product.
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