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The president of the World Bank has asked you to calculate the average per capita GDP growth in Bulgaria from 1970 to 2010. In 1970, per capita GDP was $3,600 and in 2010 it was $13,500. Your answer would be:
a) 2.45 percent
b) 4.55 percent
c) 3.35 percent
d) 5.15 percent
What were there reason why IMB lost it advange over the computer world.
Products, like people, are viewed as having a life cycle. Product life stage cycles include (a) Introduction, (b) Growth, (c) Maturity, and (d) Decline. What Life stage would you say the following items reside? What marketing strategies would you sug..
Analysis of Pricing: You manage MBA Deli which sells meals at a price of $6 each. The average number of meals sold per month is 7,000. MBA Deli would like to increase its sales and profits. The MBAs running the Deli, know that if price is lowered, th..
What are the four reasons or justifications for government intervention in the economy? Describe two in details, providing an example of each.
Which of the following is not an example of a monopolistically competitive firm?
Elucidate its advantages and disadvantages and suggest appropriate policy prescriptions to deal with the potential shortcomings.
The residents of the town Marina Del Rey all love economics, and the mayor proposes building an economics museum. The museum has a fixed cost of $ 2,400,000 and no variable costs. Graph the museum’s average total cost curve and its marginal cost curv..
What type of market structure was the product or service in when the differentiation occurred? What is the differentiation? Describe specifically what the differentiation was and tell us what that means for rational business price and production deci..
In the long run for a monopolistically competitive firm:
What would be the total profit of the firm if it sells the entire output at a cost of Rs. 60 per unit.
What is the relationship between marginal cost and marginal revenue when single-price monopoly maximize profit.
A company is producing 15,000 units. At this output level, marginal revenue is $22, and the marginal cost is $18. The firm sells each unit for $48 and average total cost is $40. What can we conclude from this information?
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