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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 – .5P, and the marginal cost of production is $100. a. Determine the optimal number of units to put in a package. b.How much should the firm charge for this package?
How does an increase in the saving rate affect the break even and actual investment curves in the Solow model? Use graphs also.
What are the differences between economic and accounting concepts of cost? How are prices determined under perfect competition? How are prices determined under monopoly?
Who made up the Grange also Illustrate what effect did they have on the writing of the Texas constitution.
Which of the following would most likely serve as an example of a monopoly?
Suppose the hotel in the lecture example raised its price from $30 to $30.50. With the new price, the hotel expects 96 guests to arrive 5% of the time, 97 guests 10% of the time, 98 guests 20% of the time, 99 guests 30% of the time, 100 guests 25% of..
An effective Federal Reserve operating target is a target that is reliably linked to
Imagine you are an international monetary fund official going to a country whose export earnings are not able to pay for imports. The government has requested a loan from the IMF. In which areas would you recommend the government to cut: education, s..
Elucidate in detail the interrelationships between economic facts, theory, and policy. Critically evaluate this statement: "The trouble with economics is that it is not practical. It has too much to say about facts."
Suppose you were manager of restaurant and you were told honestly that a couple eating dinner has just seen a mouse, what would you say to them, how would you recover from this service crisis.
The owner of a small car-rental service is trying to decide on the appropriate numbers of vehicles and mechanics to use in the business for the current level of operations. Assume that annual (leasing) cost per vehicle is $6,000 and the annual salary..
Create a diagram or flowchart detailing the complete service delivery process. Defend the flowchart or diagram. Clearly identify each contact point (e.g., frontline employee, supervisor, delivery, etc.) before, during, and after the purchase.
Explain the factors that weaken the case for the market sector, such as lack of competition, externalities, public goods, and poor information.
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