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Jose rents office space for $20,000 per year. He uses the office to fill out tax returns for 1<000 clients per year. If the office rent increases to $25,000 per year, the marginal cost of filling out tax returns will:
A. Not change
B. Increase by $5000
C. Increase, but we cannot determine the amount of the increase with the information given.
D. Increase by $5
Given that the own-price elasticity of demand for shirts is -0.5, if the price of shirts decreases by 10%, what will happen to the quantity demanded of shirts?
Two dry cleaners are located on a street of length. The firms do not make the same profit, verbally describe why this is the case.
Assume Caesar allocates his entire budget to the purchase of chips as well as soft drinks.
Julon Petro Materials, Inc. ordered $8.5 million worth of seamless tubes for its drill collars from the Timken Company of Canton, Ohio. (A drill collar is the heavy tubular connection between a drill pipe and a drill bit.) At 10% per year interest, w..
q.a monopolist faces the inverse demand for its output p 30 - q the monopolist also has a constant marginal and
Throughout the company’s franchises, the probability is 0.60 that a meal lwill be served with in 45 seconds. What is the expected number of coupons a counter employee will receive when serving the regional manager?
Where OBPA and SLGA is the opposing team’s on-base and slugging percentage. Assume two very bad teams (OBP = .200 and SLG = .250) are battling for an All-Star free agent, Ken Griffey Jr. If the teams play each other 162 times during the season, how m..
A firm in a competitive input market can
A profit maximizing monopolist hires workers in a perfectly competitive labor market. Employing the last worker increased the firm’s total weekly output from 110 units to 111 units and caused the firm’s weekly revenues to rise from $25,000 to $25,750..
Elucidate how which any two pure strategy equilibria of a zero-sum game are interchangeable also equivalent.
Suppose each of the five sellers can supply at most one unit of the good. Elucidate the price when market quantity supplied is exactly 3.
Their banks are holding back credit so it is harder for businesses to invest and for consumers to spend
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