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Each identical consumer has the following demand for golf, q = 100-p, where q is the number of rounds of golf played per year and p is the price per round. The only golf course in an isolated town incurs a marginal cost of $10 per round of golf, which is equal to its average cost. It wishes to charge a membership fee and a fee per round of golf.
(a) What price will it set for the membership fee and for each round of golf? How many rounds of golf will each golfer play?
(b) What is the golf course's profit if there are 100 golfers?
(c) How does the golf course's profit per golfer in the above situation compare to the case in which the golf course is banned from charging a membership fee and can only charge a price per round of golf? Explain.
A country is described by the Solow Model with a production function y = k1/2 where y is output per worker and k is capital per worker. Now suppose that the fraction of output invested (or saved) is 50%.
Was this purchase a good deal for Khazad-dum Inc and what would then be the annual cost of Redwood National Park if the interest rate is 10% - What is the opportunity cost of the establishment of the park
What are the risks involved in engaging external stakeholders in co- creation? What are the cultural changes necessary to make co-creation work?
A portfolio manager has maintained an actively managed portfolio with a beta of 0.5. During the last year, the risk free rate was 2.5% and equities performed very poorly providing a return of -20%. The portfolio manager produced a return of -10..
Consider the choices of two groups of women ages 30 to 50. All the women in one group have a college education. All the women in the other group have less than a high school education
The small town of Middling experiences a sudden doubling of the birth rate. After three years, the birth rate returns to normal.
Determine to the extent possible the relative market shares of these firms. Discuss the degree of concentration in the industry using CR4, other n-firm concentration ratios, H-H indices, etc.
there are probably a thousand macro economic indicators some measure the overall national economy some are more
Suppose that the production function for a commodity is given by Q = 10 ?LK Where Q is the quantity of output, L, is the quantity of lavor, and K is the quantity of capital.
You've done a good job showing the role of families in these complex organizations we call conglomerates. If we look at the role of families as a cultural attribute, are these ownership structures likely to change any time soon? Why or why not?
consider an industry in which chief executive officers ceos run firms. there are two types of ceos exceptional and
it is an important tradition in the santos family that that they eat the same meal at their favorite restaurant every
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