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Q. What changes in sales would you anticipate if you were manager of a Dodge/Plymouth franchise? Why? Answer: Or things equal, your sales would rise. However, given oligopolistic nature of industry, you should anticipate that automakers like General Motors and Ford will likely counter with similar incentive programs, which will mitigate to some extent sales increase you otherwise would have enjoyed. Orion and Zeda are only producers of a unique product that sold in a market where inverse demand curve is P = 200 - 2Q. Firms produce identical products and have identical cost functions given by C (Qi ) = 4Qi . managers of each firm must decide on their outputs on Monday morning and n bring products to market by noon. A. What is each firm's marginal revenue? Marginal cost? B. Equate each firm's marginal revenue to marginal cost. C. Use your result in part (b) to solve for each firm's reaction function. D. Use your results in part (c) to solve
Homo sapiens production possibilities curve have shifted outward to the right much more rapidly than that of Neanderthals
What does the high degree of effective control of the world economy by 'the corporate tribe,' along with the extreme concentration of personal wealth in the United States in the hands of the same individuals.
Assume which all other banks hold only the required amount of reserves. If Nan Bank Inc. decides to reduce its reserves to only the required amount, by how much would the economy's funds provide increase.
Explicates how the factors determining resource demand differ from those determining product demands.
Suppose instead that use of the Sonoma county buy local currency is completely voluntary. Who is the most likely to use this currency.
Why the government now levies a tax on this good of 200$ per unit. Is this a good policy or why not. Can you propose a better policy
Do current politicians use to manage and influence to get reelected. Is this a "valid" use of political power.
Point out which costs in the preceding question are considered "relevant" and which are considered "irrelevant" to a business decision. Explain why.
Illustrate what is the maximum amount he or she would pay for insurance against a 50 percent chance of losing 3,600.
Nancy's price-offer path is horizontal. Explain how does Nancy's expenditure on good 1 respond to changes in p1.
show which own-price elasticity of Rohan's Marshallian demand for any good is independent of his income. To show that the income elasticity of his Marshallian demand for any good is equal to 1.
If LFC sells chicken and biscuits as a meal deal, what price would be set for the meal deal which comprising both an order of chicken and an order of biscuits
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