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Identify a recent purchase in which the price of the product was an important consideration in the decision-making process related to purchasing the product. What other factors affected your decision? How important was your income as a factor? How important was the price of other goods as a factor?
Using a wholesale cost of $4 per case in each state, calculate the breakeven output quantities for each alternative.
For each of the following, state whether it is considered money in the United States. Explain why or why not. The available credit you have on your Master Card. Federal Reserve notes in your wallet. Reserves held by banks at the Federal Reserve Bank.
Monopoly is nearly always seen as something undesirable. Courts have wrestled with monopoly for ages, sometimes defining it as: "the power to control prices and exclude competition", "restraining trade", or "unfair and anti-competitive behavior." Sho..
Why is that the pre-trade production points have a bearing on comparative costs under increasing cost conditions but not under conditions of constant costs?
Consider Solow's model when the production function is Y = 1000K0.3 L0.7 . The population growth rate is 2%, ? = 0.1 is the depreciation rate and s = 0.25 is the savings rate. Suppose this economy was in its steady state when unexpectedly Total Facto..
Because the Federal Reserve is not constrained by a fixed exchange rate, it is free to set monetary policy without concerns about the effect on the value of the dollar. How would the Fed’s actions during the 2007-2009 financial crisis have been conta..
A movie made by a motion picture company had a large amount of bad publicity during its production due to being over-budget, its length being too long, and an element of uncertain topic-content appeal. It’s opening weekend showed a solid but not spec..
In the US, realized capital gains are taxed at 15% if they are held for more than a year. Suppose instead that we include realized capital gains (those held for more than a year and less than a year) in income instead so that they are added to an ind..
currently at a price of 2 each 250 popsicles are sold per day in the perpetually hot town of rostin. consider the
Daily demand for admission tickets can be written as P = 36 - 0.05Q so that MR = 36 - 0.1Q, where P is the price of a ticket and MR is the marginal revenue. Elucidate at what price will CPT sell admission tickets to maximize its profit.
Apple feels it is a price leader in the mobile phone market with all the other producers acting as followers. the total demand for mobile phones is given as, if Apple wants to maximize profits, how many mobile phone units should they produce? How muc..
illustrate the effects of capital formation by comparing the production possiblility curves at the present time and ten years in the future.
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