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A local surf store estimates that their average customer's demand per year is P = 3.5 - 0.5Q, and knows that the marginal cost of each rental is $0.5.
a- How much should the store charge for an annual membership in order to extract all the consumer surplus using an optimal two-part pricing strategy?
b- How much should the store charge for each rental if it uses an optimal two-part pricing strategy?
Illustrate what is the estimated elasticity of demand for new brand cars with respect to the price of gasoline.
Intra-industry trade comprise countries exporting and importing the same or very similar goods. Why would countries export and import the same or similar products.
Describe how exchange rates are determined using supply and demand. What is the date and source of your exchange rates.
Describe the uncontroversial final effect of a contractionary monetary policy and an expansionary fiscal policy.
Illustrate what is approximately the maximum amount the firm is willing to pay to be allowed to use more units of input x, for small.
Empirical studies reveal a positive correlation among ethical conduct in a corporation and job satisfaction.
In what ways do the offering MBA courses at other locations create producer and consumer borne value to both the university and the malls? What factors affect the ability of the university and malls to capture value?
Utilizing an AD-AS diagram suppose that the economy is initially at potential output
Illustrate what would happen if the government intervened and lowered the maximum price that could be charged for this service or good. How would this change the output and price.
The Wozniak Corporation, a maker of aircraft engines, determines that in 2008 the demand curve for its product is as follows-What is the price elasticity of demand if price equals $500?
One basic popular voting scheme is rank-order voting, where individuals assign a rank (1,2,3) to the possible alternatives; the assigned ranks are then added up and the alternative with the lowest sum wins. Consider a choice among the 4 alternativ..
What could a president or other government policymaker do to raise a contry's standard of living.
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