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The state has announced its plans to license two firms to serve a market whose demand curve is given by ? = 100 ? The technology is such that each can produce any given level of output at zero cost, but once each firm's output is chosen, it cannot be altered.
What is the most you would be willing to pay for one of these licenses if you knew you would be able to choose your level of output first (assuming your choice was observable by the rival firm)?
How much would your rival be willing to pay for the right to choose second?
Little Kona is a small coffee company that is considering entering a marketplace dominated by Big Brew.
Assume that Omar's marginal utility for cups of coffee is constant at 1.5 utils every cup no matter Elucidate how many cups he drinks.
Find the marginal revenue functions associated with each demand function.
Support your answer amid an illustration which shown market equilibrium for chocolate bars which comprise x and y interrupts of the curves and label them accordingly.
They are all highly populated areas with target markets suitable for your products. One factor is which there several formidable competitors in all of the areas
q1. if the price elasticity of demand for razors is 0.32 the demand for razors is what?q2. analyze how the different
You plan to buy a $152,015 house. You have $24,200 to use as the down payment. The bank offers to loan you the remainder at 18% nominal interest compounded monthly. The term of the loan is 20 years. What is your equal monthly loan payment?
Elucidate what would you recommend as a course of action, if any. For the industry you have chosen, discuss how price moves from today to the future.
The marginal damage to your neighbor's business is a function of how many alligators you keep and the amount of money spent on a fence that separates your properties:
Suppose that the government decides that the level of housing shown in part a(say, H*) is "substandard" and requires that all people buy H**>H* instead. Show that these las would reduce this person’s utility.
How it may be possible for increases in the minimum wage to have little impact on employment levels. Please explain using the following concepts: long-run versus short-run; b
What interpretation would you give the exponent for R? Why do you suppose R was included in the equation as a variable?
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