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Artsy T-Shirts sells 100,000 shirts a year, priced at $14 each. The company can produce any number of shirts at a constant cost of $10 each. It is considering expanding its sales by lowering the price to $12.
What minimum increase in sales would be necessary in order to justify this expansion?
Firms that are successful sometimes take their profitability as a signal that they should expand. Why does this expansion sometimes get them in serious trouble?
q1. corporate probability declined by 20 percent from 2008 to 2009. elucidate presentation percentage that would use to
Suppose you are given the following Total Product Function: Q=100 K^3/2 L^4/2 M^4/7, where Q is total output or units produces; K, capital; L, labor; and M, materials. That is this is an input factor production function. Find and interpret the output..
explain how and why a monopolist would try to price-discriminate: Providing air travel for business people and tourists; A fast-food restaurant that serves business people and retired people
Identify a job that you really like then identify a job that you disliked and wanted to quit. Assess both jobs in terms of the freedom you were given to make decisions.
Is it a local, regional or national monopoly. What are some of the Barriers to Entry into this industry.
Suppose that demand for rollerblades is given by D(p) = A ? p. The cost function for all firms is C(y) = wy2 + f , where f is a fixed set-up cost. The marginal cost of production is MC(y) = 2wy. Assume that the industry is perfectly competitive. Find..
q.assume a country the total holdings of banks were as followsrequired reserves 45 millionexcess reserves 15
q1. explain how meeting-competition clauses may serve as an enforcement mechanism for price-fixing agreements of
Discuss how government intervention to address a market failure might worsen the situation. Provide an example of where government intervention does work and why that is so.
A firm has developed a new product for which it has a registered trademark.
The tools of monetary policy for altering the reserves of commercial banks are the
When a industry's marginal revenue product equals the income rate, marginal revenue also equals marginal cost.
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