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A domestic shoe company distributes running shoes and tennis shoes for $95 per pair. The marginal cost of producing a pair of running shoes is $60 and the marginal cost of producing a pair of tennis shoes is $45. A Chinese retailer offers to purchase running shoes for $55 per pair and tennis shoes for $55 per pair for distribution in China. Should the shoe company sell any shoes to the Chinese retailer? (Ignore any potential issues of bundling the two types of shoes together as part of the sale and any competitive effects that international sales might have on current domestic sales.)
Assume the market for cough syrup is in equilibrium. Now, suppose the government imposes a price ceiling that is above the original equilibrium price. Illustrate what are the economic effects of the price ceiling?
At Illustrate what value would the minimum wage have to be set so to the firm would make zero economic profit from employing an additional low-skilled worker to clear woodland.
firm competing in a monopolistic competitive market. What conditions exist when economic profits are maximized.
if the original amount of loan is for $24000 and interest is 1/2% per month on the unpaid balance, explain how much will Kris's payments be.
Elucidate the inelasticity of agricultural products in general then compare which to the elasticity of a single food item such as a filet minion.
Between two production technologies firm can choose a new product line. If it installs expertise 1, it's annually costs.
argue the relationship among the marginal cost also the average variable cost also among marginal cost also average cost.
Roma was a schoolteacher and earned $40,000. But she enjoys creating cartoons, so at the beginning of 2003, Roma quit teaching.
Wwhat is the equivalent annual worth of costs for the website over a total of 6 years at an interest rate of 12% per year.
Write an algebraic formula that gives Mr. Midas' demand for money as a function of bond and chequing account interest rates.
Illustrate what is the lowland of far southeastern India that borders the Indian Ocean also contains the city of madras.
In Managerial Economics, Applications, Strategy, and Tactics, if contract promises were not excused because of acts of war, would the clearing and settlements clients of Bank of New York change their behaviour
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