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You are the manager of a gas station and your goal is to maximize profits. Based on your past experience, the elasticity of demand by Texans for a car wash is -4, while the elasticity of demand by non-Texans for a car wash is -6. If you charge Texans $20 for a car wash, how much should you charge a man with Oklahoma license plates for a car wash? Please show work.
what does your anticipated adjustment process imply about the CR for the industry. industry B has 20 firms and the concentration ratio is 85%
Hardwig Inc. is considering whether to pursue a restricted or relaxed current asset investment policy. The firm's annual sales are expected to total $5,200,000, its fixed assets turnover ratio equals 4, and its debt and common equity are each 60% of ..
If the loan interest rate is 15% (APR) compounded monthly, $150,000 is borrowed and repaid in 36 equal monthly payments. How much of the 30th payment would be interest?
What are the cross-cultural communication issues that could result from differences in the social, political, and legal structures and hierarchies between the foreign country and the United States?
Suppose the marginal product of capital is 16 and the marginal product of labor is 3. If the price of capital is $4 and the wage rate is $3, then in order to minimize costs the firm should use:
Discuss which of the 10 surprising facts about money impacts
In recent years, there have been significant increases in US money supply. How does the Federal Reserve "increase" the US money supply in the most active way?
Using your own words, in no more than 10 short clear sentences; describe each of the following financial instruments, including the kind of claim (debt or equity), maturity (money market or capital market), risk, and liquidity characteristics, and an..
A contractor says he plans to “low-ball the bid & make up for it on change orders.” Explain how this is an example of the hold-up problem. Describe the hold-up problem and how it might apply to a supply contract. Make sure you draw a game tree. How m..
What do you believe makes us human?
Suppose a consumer live two periods, in the first have an income m1 = 30 and in the second an income of m2 = 20. Suppose the interest rate is 10% and can borrow and lend at that interest rate. What is the maximum quantity he can consume in the second..
Illustrate what is the equilibrium price and equilibrium quantity. What would you expect to happen to price.
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