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Now assume the following specific demand equation: p = 9 – 0.3q; r = 0.1; R= 80; mc = 2. Suppose the resource price is currently $3 per unit
What is the equation of MR?
What is the specific MR corresponding to the initial point characterized by p = 3?
Compute the optimal depletion year.
q1. in the text we assumed that the condominium purchasers came from the inner-ring people-people who were already
Privatization can be defined as "the process of returning to the private sector property or functions previously owned or performed by government". The basic idea is that there may be some services that the government is providing right now that the ..
Define three types of elasticity of demand. Indicate how you would use information from recent research paid by your company that the own price elasticity of your product is -1.2 and not -0.8 as previously thought.
Derek worked for a large telecommunications firm that went bankrupt last year due to a recent recession. He has since tried to find work with one of the firm's competitors, but good jobs are currently hard to come by.
q.assume that an economy characterized by m 6000 billionv 2.5p 100a illustrate what is the real value of output q?
Illustrate what are factors that influence supply of loanable funds and the factors that influence demand for loanble funds.
MICRO: Consumer Theory: Against the background of an increase in the tax rate imposed on wage income, explain how the concepts of income and substitution effects may be used to analyse the labour supply response of an: Individual who is already worki..
You borrow $10,000 at a 5% interest rate and you have to pay back this loan within three months. You use this $10,000 and your initial $1,000 to purchase shares in the company. Suppose that your prediction fizzles out. The price of the shares decreas..
A Discuss two reasons why the GDP deflator gives a different rate of inflation than the CPI does. In calculating the real GDP of an economy, explain whether you will use the GDP deflator or the CPL.b The Gini coefficient in Hong Kong was 0.525 in 200..
Show an expression for average cost. Derive an expression for marginal costs. Is there any range of production characterized by scale of economies.
What is the present worth of each of the given series of payments?
Assume you are the plant manager for Crossroads Sign Company, which produces road signs in a market that approximates perfect competition. Due to a slow economy,
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