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The local space museum has hired you to assist in setting admission prices. As the manager, you recognize that there are two distinct demand curves for admission. One applies to people ages 15 to 64 whereas the other is for children and senior citizens. The two demand curves are: P1 = 9.6 - 0.08Q1 (for adults) and P2 = 4.5 - 0.05Q2 (for children and senior citizens). The corresponding marginal revenue curves are: MR 1 = 120 - 25P1 and MR2 = 90 - 40P2 Crowding is not a problem in the museum, so the marginal cost is zero. Find the profit maximizing prices; the number of adults and children & senior citizens visiting the museum.
suppose a third project will cost 20000. today and yield a return of 2500 a year indefinitely. what is the present
Suppose the airline industry consisted of only two firms: American and Texas Air Corp. Let the two firms have identical cost functions, C(q) = 40q. Assume that the demand curve for the industry is given by P = 100- Q and that each firm expects the ot..
Based on your background readings and your analysis of the leadership styles of Steve Jobs and his successor at Apple, Tim Cook, who do you think you would prefer to report to (if Mr. Jobs were still with us) if you were an executive at Apple and why..
what are the problems with unemployment and what are the problems with the way that the government measures
The consumption schedule directly relates
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What would you recommend to the board of NCRCC with respect to adding or changing programming activities like social activities for adults, families with children, and children?
Outline a plan that will assess the effectiveness of the market structure for the company's operations
Often building supply retail store employees become friendly with their customers (building contractors) and will do those favours. For example, they might charge customers for 90% of the flooring material being purchased, or they might hide the last..
a pharmaceutical company tested two new flu vaccines intended to boost immunity. in order to test the effectiveness of
Apply your knowledge of opportunity cost to identify the comparative advantage enjoyed by each country.Now using your knowledge of specialization and trade, show in a multi-paragraph essay, that the two countries can benefit by consuming more of both..
Describe the steps that can be taken as a manager to ensure that work teams are diverse, and describe how to manage diversity on an ongoing basis.
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