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A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 80 - 0.5P, and the marginal cost of production is $100.
1. Decide the optimal number of units to put in a package.
2. How much must the firm charge for this package?
With an aid of diagram (consist of both demand & supply curves) show & explain what happens to the equilibrium price & quantity when:1. the preference for pepsi suddenly increases 2. the price of milk has increased which increased the cost of ice cre..
The weight of items produced with a machine is normally distributed with a mean of 8 ounces and a standard deviation of 2 ounces. What is the probability that a randomly selected item will weigh among 6.4 and 8.9 ounces
What population would you choose your sample from? Can that method alone give you a value that accounts for all the impacts of the disaster?
The long-run supply curve for a good is a horizontal line at a price $3 per unit of the good. The demand curve for the good is QD = 50-2P. then what is the equilibrium output of the good.
Suppose a computer virus disables the nation's automatic tellter machines, making withdrawals from bank accounts less convenient. As a result, people want to keep more money on hand, increasing the deman for money.
Hospital administrators sometimes complain about a "shortage" of nurses. The shortage is the result of a higher wages that occur in the competitive market and could be eliminated if nurses earn wages closer to their MRC.
Determine the advantages and disadvantages of a company using price discrimination in order to increase demand for its product or service. Provide support for your response
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evaluate the megatrend of demographics in the it field. give your opinion as to why it managers must understand this
In the classical model with fixed income a decrease in the real interest rate could be the result of a(n): If currency held by the public equals $100 billion, reserves held by banks equal $50 billion, and bank deposits equal $500 billion, then the ..
a selfless person approaches jones and smith with a 100 bill and offers to sell it to the highest bidder but the
1. roshima is researching universities where she could study for her mba degree. she is considering 3 major attributes
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