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Assume that you've recently purchased the franchise pizza restaurant.
1. In what kind of market do you think your franchise operates (perfectly competitive, monopoly, monopolistically competitive, oligopoly)? What are the specific characteristics which make it this type of firm?
2. What kind of competition does your firm face? Who are some competitors?
3. How do you think your firm can increase its market power?
Compute the industry price necessary for firm to supply 10,000, 20,000, and 30,000 pounds. Compute the quantity supplied by the firm at industry prices of $1.50, $2.50, and $3.50 per pound.
Assume that the demand curve for apples is given by Qd = 140 - 5P, where Qd is number of pounds demanded per year and p is the price per pound. The supply of apples can be described by Qs = 40 + 3P, where Qs is the number of pounds provided.
Solve the partial derivative
Choose any one topic out of the following , • Water , • Energy , • Agriculture , • Forest
Define the term "opportunity cost." Now that you have a definition of opportunity cost weigh the positives and negatives of taking a leave of absence from work and moving out of town to attend college full time, or maintaining your job while atten..
Derive the firm's supply curve, expressing quantity as a function of price. Derive the market supply curve if the company is one of 200 competitors. Compute market supply per week at a market price of $25 per rack delivered and serviced.
What's the difference between the law of diminishing marginal returns and the law of diminishing marginal rate of technical substitution?
The small town of Middling experiences a sudden doubling of the birth rate. After three years, the birth rate returns to normal.
Farmers have a relatively inelastic demand for their crops. Suppose there is a bumper crop year (an unusually large harvest).
Economists make decisions by thinking in terms of alternatives. Why do economists thinks there is no such thing as a free lunch?
Prepare your slides as soon as you have a good final draft. Preparing the slides will help you see any weaknesses in your paper.
Developing a regression model with Sample Regression Model
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