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Presto Products, Inc., recently introduced an innovative new frozen dessert maker with the following cost relations: TC = $100,000 - $1,500Q + $0.1Q2 a. Calculate the total cost minimizing activity output (Q). b. Calculate the average cost minimizing activity output (Q). Need help with this on questions A and B plese show all work thanks !
Marketers continue to push the envelope as they challenge society’s norms regarding what topics are appropriate to discuss in public. Advertisers are often blamed for promoting a materialistic society by making their products as desirable as possible..
Distinguish between skimming price and penetration price policy. Which of these policies is relevant in pricing a new product under different competitive conditions in the market?
q.consider a market with demand q 10 - p. currently there is an incumbent in the market with capacity k. there is a
Suppose you are the manager of a home-building company and the government is considering eliminating the deduct-ability of mortgage interest payments. A Typical consumer's marginal tax rate is 25% and the elasticity of demand for new homes is -1.5..
Explain the importance of sustainability in the selection and implementation of new technologies. Provide examples of sustainable technologies.
Widgets are provided by a competitive constant-cost industry where each firm has fixed costs of $30. The following chart shows the industry-wide demand curve and the marginal cost curve of a typical firm:
What is the marginal product of the third worker? What is the marginal revenue product of the sixth worker? What is the marginal cost of the fourth worker?
If a monopolist successfully engages in 1st degree price discrimination
Each year, extra cleaning staff were employed by a hotel on a temporary basis during the busy holiday period. They were not employed when the hotel was not busy. What type of unemployment occurred when the hotel was not busy?
consider the problem of picking a price for an economics textbook. the marginal cost of production is constant at 20
Assume the average value of P is $ 3 and the average value of Po is $ 6. Illustrate what is the price elasticity at the average values of P and Po.
How could vendors be encouraged to participate in Wal-Mart China’s sustainability initiatives? What are the distinguishing features of Wal-Mart China’s distribution system? How can Wal-Mart improve sustainability in its distribution and retail operat..
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