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Question: If the quantity supplied decreases by 100 sandwiches an hour at each price, what is the equilibrium price and what is the change in total surplus? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.
Question 2: Why is it that a profit-maximizing businessman would always raise prices when facing an inelastic demand curve, but might or might not raise prices when facing an elastic demand curve? Explain and justify your answers in detail.
Which of the following kinds of unemployment is the hardest to reduce?
Bank North advertises, "We pay 6.50%, compounded daily." Bank South says, "We pay 6.50%, compounded continuously." If you deposit $10,000 with Bank South.
What do you predict you competitor will do given your price reduction and what is the total revenue each firm will earn given their respective pricing strategies?
In addition to this interest cost these facilities have maintenance and staffing "fixed" costs of $1M a year. What would you advise the company to do, and why?
An Internet service provider (ISP) is contemplating an investment of $50,000 in new computer servers and related hardware.
Identify at least two trends that you feel have a great impact on managed health care today. Discuss the effect these trends have on managed care.
Describe a demand curve
Special interests do not oppose regulations in all cases. The Marketplace Fairness Act of 2013 would require online merchants to collect sales taxes.
Whole Foods buys organic beets from two suppliers, one in Ames and one in Zearing. The price per unit of the Ames beets is $4.50 and the price per unit of the Zearing beets is $7.00. Define variables that would tell how many units to purchase from ea..
Explain what the incentive is, who is offering it, and what they are trying encourage or discourage. Does the incentive work?
According to the logic of backward induction what should be the equilibrium of the game? a) Firm 1 chooses a high price, Firm 2 chooses a high price. b) Firm 1 chooses a high price, Firm 2 chooses a low price.
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