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1. John has been in the habit of mowing Willa's lawn each week for $20.
John"s opportunity cost is $15, and Willa would be wlling to pay $25 to have her lawn mowed.
What is the maximum tax the gov. can impose on lawn mowing
without dicouraging John and Willa from cotinuing their matually beneficial arrangement?
2. Explain how a firm in a competitive market identifies the profit-maximizing level of production. When should the firm raise production, and when should the firm lower prodcution?
3. solve for equilibrium price and quantity. What does how you?
Qd=400-(2P+T), Qs=100+3P. and T=15. (P is the price recieved by sellers and P+T is the price paid by buyer).
What are the risks and opportunities of the strategies followed by Pepsi? of Coca Cola? 3.) How would you respond to Coca-Cola's change in sales policy? How would you ensure Pepsi's board that this response will allow you to remain competitive and..
Suppose Cypress River estimates a linear trend without accounting for this seasonal variation. What effect would this omission have on the estimated sales trend?
1) Why are Cost Minimization and Profit Maximization on paper the same but in application different 2) What are movie subsidies and why are they more inefficient than other government aided investment 3) Why do Green laws undermine the idea of deflat..
Suppose you own a home remodelling company. You are currently earning short-run profits. The home remodelling industry is an increasing-cost industry. In the long run, what do you expect will happen to
could you discuss that the drop in sales might be something less or something more than this. Use economic reasoning to justify your forecast.
Please provide the reference info. for the articles found so that I can read and understand the issues.
The trend toward two-family income has led to policies allowing only one family member to work for a company, flexible work schedules, pregnancy benefits, and elder-care programs or else.
Compute and contrast the options that the local governments will need to discuss given the lack of resources that are currently available.
Matt is a 25 year old engineer, and his salary next year will be $60,000. Matt expects that his salary will increase at a steady rate of 5% per year until his retirement at age 65. If he saves 10% of his salary each year and invest these savings a..
Find out the equilibrium price, the equilibrium quantity, the output supplied by each firm and the profit of the firm in the short run.
When a small firm expands the scale of its operations, why does it usually first experience increasing returns to scale When the same firm grows to be extremely large, why might a further expansion of the scale of operation generate decreasing ret..
Production quota: In many cities, the amount of licenses to operate taxis is limited. For the purposes of this problem, we can think this is a production limit (a maximum production level) of taxi rides set by government. Assume that this limit is lo..
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