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You have estimated that all consumers who buy from your firm have identical demands for your product. Each customer's demand is given by Q = 20 - (P/2), and your total cost of production is TC = 45 + 20 Q. You want to devise a two-part pricing strategy (T ; P), where T represents the fixed fee and P the price per unit. Given this information, the optimal two-part pricing is
In about 500 words, From a geographical standpoint, why is SPACE so integral to the survival of Capitalism as an economic system?
Explain as completely as you can (IN YOUR OWN WORDS) what an economist means by demand (supply) and discuss (this implies that you are able to discuss why the factor causes the shift and explain the direction of the shift. How does a change in demand..
Consider a firm for which production depends on two normal inputs, labor and capital, that are not perfect complements. Initially the firm faces market prices of w = 10 and r = 8, for labor and capital. In which direction will the substitution effect..
In a Terrystop context, if the explanation offered by the subject reasonably satisfies the officer that a crime is not occurring or has not already occurred, the officer:
To continue growth in sales by providing information on product demand, markettrends, competitors' action and technological developments.
You have just graduated from college and received a job offer from a local company as a project engineer. The job pays an annual base salary of $55,000, which is paid at the end of every year. You will receive a salary increase of 4% per year, plus a..
Compute the equilibrium quantity and price and Calculate the consumer and producer surplus.
If a country is currently producing 11 units of health care and 16 units of education, what is the opportunity cost of producing 5 more units of education?
q. 1. an investor buys a property for 1 million with 40 of the purchase price attributable to the land and the balance
Determine if the firm's mix of inputs is optimal. Explain. If your answer to "b" is no, what should the firm do to improve its performance? Explain.
Why does the government grant patents to new inventors? Think about new cancer drug research and new drug prices. Why does the government give monopoly power to utility companies?
A tractor for over-the-road hauling is purchased for $95,000.00. It is expected to be of use to the company for 6 years, after which it will be salvaged for $4,000.00. Calculate the depreciation deduction and the unrecovered investment during each ye..
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