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Joe's t-shirt shop is located in a small college town. the majority of business is custom t shirts for university book stores. as a sideline, they also sell t-shirts locally. the local demand is Q=200-5P. calculate output, price, and profit under the monopoly conditions. to test other markets, they contemplate opening retail outlets in several university towns where there will be numerous competitors. calculate price and output under these perfectly competitive conditions. compare the competitive and the monopoly price and output situations loss.
What is its sustainable growth rate. Illustrate what must its profit margin be in order to achieve its sustainable growth rate.
Elucidate at what price also quantity will marginal revenue be zero. At what price and quantity will marginal revenue be maximized.
Human service interactions in terms of macro systems-communities and organizations. Empowerment is basically a process to assist people groups, families and communities, individuals, to use their strengths to overcome their challenges.
Which of these would cause the demand curve for bison (American buffalo)
In 1991, Brazil and Columbia united to form a coffee cartel and reduce coffee output. Suppose total costs for the cartel are:
Explain what happens to the nation's aggregate supply curve, the short-run equilibrium level of output, and the price level if:
If increased government spending and tax cuts were equally effective in stimulating aggregate demand, which fiscal tool would you select? Why?
Suppose, that instead of holding prices fixed as we did in this problem, that prices were perfectly flexible, as in a classical world. Discuss, do not show, how your graphs would be different. Also, comment on what would happen to the government m..
Suppose that this price cut was completely responsible for its raise in revenues from 460 million yen in 1966 to 640 million yen in 1967. Compute the indicated arc elasticity of demand.
Barriers to entry, such as patents, licenses, or international trade restrictions, may be government imposed. How do government-imposed barriers such as patents impact consumers and suppliers in these markets?
Suppose the level of autonomous expenditure, which we could call A, rises by AA. What is the effect on the level of equilibrium national income?
Calculate the price elasticity of demand for the following products and state whether demand is price elastic, inelastic, or unit elastic, a. Raw sugar prices rose by 3% and raw sugar consumption declined by 2%.
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