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A cruise line offers a one week tour of Alaska for $2,400 per person. If more than 200 passengers join the tour, the price is reduced by $3 per additional pas- senger. The tour can accommodate 1000 passengers. What number of passengers maximizes the cruise line's total revenue? What price does each passenger pays?
There is no paradox of savings (of thrift) in the medium run. Even in a liquidity trap, wage and price deflation will stimulate production and therefore real income
All of the following are characteristics of short-term economic fluctuations EXCEPT:
What is average productivity and What is marginal productivity? Explain the relationship between marginal and average productivity. What would happen to marginal and average productivity if a technological innovation is introduced to the productio..
What do you think about Brian's process of involving Adam in the company and From Adam's perspective, what role would you want Brian to now play in the company?
Estimate the price Elasticity of demand for subway rides
The following are the approximate U.S. market shares of dissimilar cigarette companies: Altria, 47 percent; Reynolds American, 26 percent; Imperial, 5 percent; Lorillard, 14 percent; total for all other brands, 8 percent. Suppose “all other brands” e..
A profitable company making earth-moving equipment is considering an investment of $100,000 on equipment, which will have a 5 year useful life and, no salvage value. If money is worth 10% which one of the following there methods of depreciation would..
What are the key features of the consumption function? What causes consumption to rise or fall? Does the level of consumption deserve concern today?
The steps to an Efficiency Analysis. In 2 to 3 pages, find a topic that you feel is interesting. You are my Director of Operations. I have just requested an analysis of this topic for you to possibly being promoted to VP. I want you to pin point an i..
Which of the following contribute to the downward slope of a demand curve - Which of the following is NOT true about profit maximization for a firm?
provide an intuitive explanation of the principal-agent problem and discuss any mechanisms used to mitigate the
How do you choose between log-linear model and log-log model? How about linear log-linear? And how about linear-log and log-log? Why? How do you interpret coefficients of a A) log-Linear B) log-log c) linear-log model?
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