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A travel agency offers a one week Caribbean tour for $1,000 per person. If more than 50 passengers join the tour, the price is reduced by $5 per additional passen- ger. The tour can accommodate 150 passengers. What number of passengers max- imizes the travel agency's total revenue? What price does each passenger pays?
Economists maintain that as more of a good or service is consumed, per unit of time, the marginal benefit ___________; therefore before buyers will purchase more and more of a good, its price must ____________. Mary is in equilibrium. The MUa =6, MUb..
given the following information would your decision be to reject or fail to reject the null hypothesis? setting the
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity. Relate at least one current event to the activities.
A crucial assumption in this example is that the incumbent must charge the same price to all consumers and the entrant can target a subset of the customers. Is this example useful for thinking about markets where prices are negotiated? Why or why not..
the el dorado star is the only newspaper in el dorado new mexico. certainly the star competes with the wall street
develop a three page analysis excluding the title and reference pages on the projected return on investment for your
question. firm a is the sole supplier of a certain product. as marginal cost equals average cost mc ac 30 and it
Diagrammatically identify the quantity of output a monopolistic competitor that is incurring losses. Separately, diagrammatically identify a monopolistic competitor that is incurring losses.
questionnbsp coal shortage at china plants chinese power plants have run short of coal an unintended effect of
discuss how you would convince businesses to increase exports and how you would put an ad campaign together directed at
What (as a function of a and fJ ) are the profits of the first firm, the managers compensation, and the net profits (to the owner) of the second firm?
Crepe Creations is considering franchising its unique brand of crepes to stall-holders on Hermoza Beach, which is five miles long. CC estimates that on an average day there are 1,000 sunbathers evenly spread along the beach and that each sunbather wi..
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