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In a perfectly competitive market for electricity, consumers’ benefit (in dollars) from consuming electricity is given by B(Q)= -Q2+1000 Q, where Q is the unit of electricity consumed.
Derive the demand for electricity in this market.
Graph the elasticity of demand for electricity, as a function of the electricity price that ranges from $200 to $400. Graph this nicely on EXCEL, no hand drawing please.
Suppose that the electricity price changes from $200 to $300, by how much would the consumer surplus change?
Which information culture can cause an organization to have a great degree of difficulty operating.
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Why would a US company choose to export a product to India rather than license India the right to produce the product locally
What was the accounting profit for the new business. What was the economic profit or loss. Explain your calculations for both questions.
How can we measure the opportunity cost of producing a good? Using a bowed outward production possibilities curve between ice cream and hammers, identify graphically the opportunity cost of obtaining an additional hammer. Does economic growth elimina..
Find a purely/perfectly competitive industry. State why this industry is a purely competitive market. Give examples as to why. Please use the drop box to submit your extra credit assignment.
Expectations and consumer confidence are important in determining fluctuations in aggregate spending. In your opinion, what is the present status of consumer confidence.
How much would the owner of a building be justified in paying for a sprinkler system that will save $750 a year in insurance premiums if the system has to be replaced every 20 years and has a salvage value equal to 10% of it's initial cost? Assume mo..
Suppose Country A is a small open economy that takes world prices as given. What would be the effect on wages and rents in A if it were to experience an inflow of foreign capital? Use a diagram AND a table to convey your answer. Which groups would fa..
Should the SEC change their regulations of public corporations to require only annual reporting of operations? How might this impact stock price in the short term?
Suppose that in a year an American worker can produce 100 shirts or 20 computers and a Chinese worker can produce 100 shirts or 10 computers. If these countries were open to trade, which country would export shirts? Which country would benefit from t..
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