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Forecast sales for Dynamo Publishing at time t = 11 using the HW 3 Data.xlsx worksheet and the Dynamo Publishing II tab. Assume constant unit growth. Does the regression line fit the data well? Justify your answer. TIME SALES ($M) 1 185 2 164 3 178 4 159 5 168 6 125 7 158 8 191 9 224 10 257
Two hospitals want to merge. The price elasticity of demand is 0.20, and each clinic has fixed costs of $100,000. One clinic has a volume of 9,200, marginal costs of $70, and a market share of 3 percent. What are the total costs, revenues, and profit..
A monopolist operates in an industry where the demand curve is given by Q=1000-2p. The monopolist's constant marginal cost is 8 dollars. What is the monopolist's profit maximizing price? How much does the monopolist produce? What are its profits?
Protectionist trade policies are often enacted with the political intention of strengthening exports, and hence GDP. Examples of protectionist trade policies include quotas and import taxes. What is the impact of the protectionist trade policy on the..
Outline some poly options for government intervention. Describe how market power prevents optimal outcomes. Explain how externalities distort market outcomes. Explain how the economic growth is measured.
Elucidate problem which is posed by any comparison over time of the market values of various total outputs? How is this problem resolved.
Suppose that the governmental authorities wished to decrease use of a pesticide that is leaching into groundwater supplies in a watershed by 60% from current use levels.
Using a spreadsheet program, chart the book value of a $14 000 asset over a seven-year life using declining-balance depreciation (d = 0.2). On the same chart, show the book value of the S14 000 asset using straight-line depreciation with a scrap valu..
Why do some workers make more money than others? Must everyone make the same wage? Explain your answers using labor market equilibrium.
What will happen to the price of asset A and what about the nominal interest rate on asset A and explain how an open market purchase leads to an increase in the money supply when the central bank pays for it with reserves - even though reserves th..
In the market for soccer balls are selling in a purely competitive market. A firm in the soccer ball market has an output of 5,000 balls, which it sells for $10 each. At the output level of 5,000 the average variable cost is $6.00, the average total ..
if la jolla could obtain additional of the white wine, should they do so. if so how much should they be willing to pay for each additional gallon and how many additional gallons would they want to purchased
Explain why marginal cost curves slope downward as firms increase their output from "0”; but, eventually, as output continues to expand, marginal cost curves slope upward and ultimately become vertical.
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