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1. Comment on the consultants adjustments made in Exhibit 1. Do you agree with each of them? If not, can you suggest better methods of making the adjustments for the stated purpose?
2. Assuming Mr. Delaney decides to keep the body shop, and the consultant reports that it is feasible to raise prices, should Mr. Delaney do so? If he does, what general guide can you suggest as to how much price should be increased?
3. What action should Mr. Delaney take?
Explain how much of X and Y will Lisa White demand. Check out your answer by using the consumer equilibrium conditions.
Microsoft wants to sell more copies the additional income from each additional copy it sells.
Professional sports players are generally paid much more than farmers, factory workers, engineers also teachers.
If the manager of impact industries decides to produce 240 units, illustrate what will the long-run total cost also long-run average cost of producing 180 units.
hat is American's MRTS between K and L? MRTS between K and F. Should American try to ensure that all its MRTSs are equal. Explain what does American's production function exhibit constant, increasing, or decreasing returns to scale.
Elucidate, with the aid of demand and supply curves, the impact of increased crime on the demand for private security services. On your diagram, show the changes in the equillibrium price and quantity.
The U.S. cigarette organization has negotiated with Congress also government agencies to settle liability claims against it.
During the average month in 2006 she was logged onto the Web for 17 hours. Illustrate what is the average cost of an hour of Web time to Kety. What is the marginal cost of an additional hour.
How many workers should the firm hire if the price of the output is $10? Suppose the price of the output falls to $7.50. Illustrate what do you think would be the short-run impact on the firmâ??s production.
Elucidate how would you improve this survey to better reflect the needs of the consumer.
Explain why might the private market not reach the socially optimal level of traffic without the help of government.
Camera Shop will discontinue its operations next month. Explain will this information alter your pricing decisions today.
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