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Great Cars, Inc. faces the following demand function for its automobiles:
P = 55,000 – 200 Q
Its marginal cost (MC) is $9,000. What will its price be if it decides to sell the automobiles by it and what will the price be if it sells though DistriCorp, Inc. an independent distributor. Note that when Great Cars, Inc. contracts with DistriCorp, it has to take into account that DistriCoro faces the same demand curve. What is the consequence of this exclusive dealing on prices?
Find and graph the contract curve and what is the ratio of the price of X to the pride Y in competitive equilibrium?
as an economist for abc plastics your boss has asked you to respond to some questions she has regarding the companys
Assignment: Research two periods in history, one where the United States experienced an increase in inflation and the other an increase in unemployment. Write a paper discussing the causes and outcomes.
a limo company specializes in transporting people to and from the airport. It competes with local taxi and public transporation as well as people deciding to drive their own cars. The demand for the firms services has been increasing as more consu..
Which of the following curves—average fixed cost, average variable cost, average total cost, and marginal cost—would shift as a result of the lump-sum tax? Why? Show this in a graph. Label the graph as precisely as possible.
Total Revenue and profits are maximized at the same level of output if:
The difference in prices for each of the following pairs of goods in terms of the laws of supply and demand natural diamonds and zircons human-made diamonds.
If the marginal product of capital net of depreciation equals 10 percent and the rate of population growth equals 2 percent what must be the rate of technological progress for the economy to be at the Golden Rule steady state
Shannon purchases a bond for $1,142.38. The bond matures in three years, and she will redeem it at its face value of $1,200. Interest premiums are paid annually. If Shannon will earn a yield of 5 percent/year compounded yearly, what is the bond inter..
Legal definition and regulations by the U.S. Bureau of the Census require properties of 500 rooms or more to be called Hotels; those of 50 rooms or less to be called Motels; and those in between to be called Motor Inns or Motor Hotels.
what is the cpi consumer price index and what significance does it hold in regards to goods and services? please
problem 1like supermarkets full-service department stores like macys are generally in decline. what factors might these
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