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Construct a demand curve from individuals who value a Chipotle burrito with values {$12, 10, 9, 8, 8, 8, 7, 7, 6, 6, 5, 4, 3, 3, 3, 2, 2, 1}. Identify the optimal single price, and the associated quantity and profit if the marginal cost of production is $2. Assume that the eight (8) individuals with the lowest values are senior citizens (and for simplicity that none of the high-valued customers are senior citizens). What price should Chipotle charge senior citizens? How much additional profit does this generate?
You recently hired an economist to work with engineering also operations experts to estimate the production function for a particular line of office chairs.
Liberty Airways is considering an investment of $800,000 in ticket purchasing kiosks at selected airports. The kiosks have an expedited life of four years. Extra ticket sales are expected to be $60,000 per year at a discount price of $40 per ticket. ..
An appraiser valued a subsidiary of signal co. at between $230 million and $260 million. Six months later, Burmah Oil offered to buy the subsidiary at $480 million, giving Signal only three days to respond. Members of the board were sophisticated, w..
Name the factors not counted in GDP that, in your view, most affect human welfare or happiness. How do you imagine that modifying to account for these factors would raise or lower current U.S. GDP relative to earlier times or other countries? (Be spe..
q1. explain how does an increase in transport costs change the gains from trade in melitzs 2003 model? are the effects
You arranged the subsequent information to use in evaluating the financial feasibility of starting your own agency.
The larger the positive cross elasticity coefficient of demand between products A and B, the: We would expect the cross elasticity of demand between Skippy and Jif peanut butter to be:
The Encomienda system was?
Discuss and post what solution might there be for these people who lack access to computers. Recalling that the definition of perfect competition refers to a market with many buyers, among other factors, thus, how may these people gain access to the ..
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 80 - 0.5P, and the marginal cost of production is $100. Determine the optimal number of units to put in ..
Suppose the U.S. economy is in a recession and faces relatively high inflation. List the twin problems which policymakers face. List the monetary policy approaches the Fed could take to resolve each problem (i.e, do not list the policy tools—just des..
Find out and read two articles about a recent controversial issue involving either the Federal or state government and eminent domain.
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