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Suppose you have two types of customers. Type 1 customers typically purchases your firm's product in bundles of 100 units, while type 2 customers typically purchase less than 50 units. The cost of producing one unit is $1 plus packaging costs. Packaging costs $1 per unit for small orders, but only $10 for a bundle of 100 units. Finally, suppose type 1 buyers have a price elasticity of demand equal to -2, while type 2 buyers have an elasticity equal to -1.25. What price will you charge each type of buyer?
What share will be paid by the consumer in the long run? How about the short run? Provide some intuition for why these are different.
Describe the industry and explain the general pattern of change of the particular market model and hypothesize the basic short-run and long-run behaviors of the model in the industry you have chosen in a "market economy."
Substituting this value into the price elasticity of demand formula we obtain ∈=
Workers are compensated by firms with “benefits” in addition to wages and salaries. The most prominent benefit offered by many firms is health insurance
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What would be the effect if the rate is lowered to 4%, or raised to 9%? Why would the federal reserve change these rates?
consider the utility function ux y -8x -8y. find and expression for the marginal rate of substitution mrsxy at any
Suppose that P = 400 - 20Q and that there are 3 firms, each with a marginal cost of 30. Suppose that firms 2 and 3 merge. The merger allows the combined firm to lower its marginal cost to 20. Does the merger lead to a higher or a lower cournot equili..
Should the Government increase, decrease or remain the same in its level of intervention when it comes to mandating that companies provide product information to consumers What happened to "caveat emptor" (buyer beware)
questionconsider a firm which produces a good y using two inputs or factors of production x1 and x2.thefirms production
Assume that the government proposes to cut taxes while maintaining current level of government expenditures. To finance this deficit, it may either
Assume you were appointed economic adviser to a less developed country in Africa. The country seeks to encourage capital formation and wants to raise the rate of saving of its own residents and encourage foreigners to invest in their country.
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