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Two physical therapy firms want to merge. The price elasticity of demand for physical therapy is -0.40. Firm A has a volume of 10,400, fixed costs of $50,000, marginal costs of $20, and a market share of 8%. Firm B has a volume of 15,600, fixed costs of $60,000, marginal costs of $20, and a market share of 12%. The merged firm has a volume of 26,000, fixed costs of $100,000, marginal costs of $20, and a market share of 20%. a. What are the total costs, prices, revenues, and profits for each firm and for he merged firm? b. How does the merger affect markups and profits?
A paragraph or so, explain the differences between the public debt and the government budget deficit. Explain how deficit spending could be a burden to future generations.
The Einstein Bagel Corp. has used a frequent buyer program whereby a consumer receives a stamp each time she purchases one dozen bagels for $6. After a consumer accrues 10 stamps, she receives one dozen bagels free. This offer is an unlimited offer, ..
Discuss, using supply and demand analysis, the effect on the equilibrium price and quantity of new hybrid automobiles when the following occurs.
Adam Smith: U(x,y) = xyJeremy Bentham: U(x,y) = xayb (Cobb-Douglas utility function)Alfred Marshall: U(x,y) = ln x + ln y John M. Keynes: U(x,y) = x + yb (Quasi-linear utility function) Joan Robinson: U(x,y) = aX + bY (linear; perfect substitut..
The marginal cost pricing model calculates a markup over marginal costs using estimates of the price elasticity of demand. Will any other pricing strategy result in higher profits?
q.hiro nakamura is ceo of the cola king bottling company a small regional producer operating in the pacific northwest.
Your firm’s research department has estimated the income elasticity of demand for Art Deco lawn furniture to be -0.85. You have just learned that due to an upturn in the economy, consumer incomes are expected to rise by 5 percent next year. How will ..
Assume we are facing a recessionary gap (RG) of $20 million. Explain the tools the government has at its disposal to close the gap, using FISCAL policy and in what direction it would use them, given that we have a RG (increase, decrease?). Give the e..
Consider the AS/AD model. Analyze the effect on the economy in the short run and in the long run after the following events: a). the Congress increases investment tax credits b). the congress decreases import tariffs. Determine in details how can mon..
Consider the market for two goods that are substitutes, such as pens and pencils. if a technological breakthrough reduced the cost of producing pens. A/ what would happen the supply of pen? B/ what would happen on the price of pens and the quantity e..
Critically evaluate measures used by governments and central banks to manage the economies of their countries. By critical evaluation use convincing arguments for or against measures used to re-duce, minimise or alleviate economic difficulties many c..
The output that maximizes profit is obtained where : Perfect competition is characterized by: If price is greater than average total cost at the profit-maximizing quantity of output in the short run, a perfectly competitive firm will:
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