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Q1. What is the most important case that the tax as Supreme Court has well sales?
Q2. Discuss why tickets scalping at sports events where individuals buy several tickets in advance as well as sell them for very high costs just before a game may be desirable from efficiency point of view. Usually this activity is frowned on by governments as well as the promoters of such type of events. Explain why?
Q3. Supply of flat screen TV is very elastic. From falling production costs Consumer or producer illustrate who benefits most?
Motors co., believes it faces the following segmented demand as well as function:
P = 150 - 0.5Q when 0 ≤ Q ≤ 50P = 200 - 1.5Q for Q > 50
a) Indicate both verbally as well as graphically why such a segmented demand as well as function is likely to exist. What type of industry structure is indicated by this relationship?b) Calculate the marginal revenue functions facing Chill man. Add these to your graph from Part (a)c) Chill man's total cost function is
TC1 = 500 + 15Q + .5Q2
Calculate the marginal cost function. What is Chill man's profit-maximizing cost as well as output combination?
What What marketing strategies should Radiance pursue in the next five years? Explain why the strategies you select would best fit the organization. in the next five years? Explain why the strategies you select would best fit the organization.
A farmer has a production function f(L) where the input is capital (L). The cost of this loan is L(1+i). The farmer also has an outside option (loan from family member) which generates a profit of A.
What would be the new equilibrium in this economy if Investment increased by $12.
By using calculus show that the production function exhibits diminishing returns to labor.
How can a compensation scheme designed to enhance worker motivation lead to this result.
As a business owner making a final decision regarding the international aspects of a business decision, you may decide to set up a table with the risks and weigh their relative importance against the rate of return you foresee
Government encourage a decision to expand? How would it affect the reputation of the business?
Rain spoils the strawberry crop, the price raises from $4 to $6 a box, and the quantity demanded decreases from 1,000 to 600 boxes a week
Analyze a situation in which both parties entering into a contract could benefit, economically or otherwise, from slightly ambiguous language contained in the contract.
As vice president of sales for a rapidly growing company, you are grappling with the question of expanding the size of your direct sales force.
Insurance agents receive a commission on the policies they sell.
Distinguish between the two types but knows the probabilities of each type. What would be the result in this market for loans.
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