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You have 100 identical customers, each with relevant demand function Q = 20-P (where Q is the hours per week and P is the per hour fee). How much consumer surplus (per customer) is indicated by this demand function?
If you priced weekly membership consistent with the consumer surplus generated above, fixed costs=$1,000, and variable costs = $0, how much total profit per week?
A monopolist is deciding how to allocate output between two geographically separated markets. Demand and marginal revenue for the two markets are: The monopolists total cost is C = 5 - 3(Q1 + Q2 ). What are price, output, profits, marginal revenues, ..
Frank is the receiving dock supervisor for Cabinet Co., a company that manufactures metal storage cabinets. His job is to supervise the inspection, and stocking of components and materials used in the manufacture of the cabinets as they are delivered..
A pharmaceutical company has already spent 1 million dollars in research for a new drug and now has to make a decision. The company can either terminate the research program or it can move to the development phase. If the company moves to the develop..
q1. people sometimes talk about lsquotwin deficit where the twins are the current account and the government budget
explain why sharp decline in oil prices might not necessarily have positive or negative impact on the US equity markets (stock market) even at the current trend of volatile oil prices
Describe why the primary objective of maximizing shareholder value may actually be the most beneficial for society in the long run.
HI5003 Economics for Business. Cost of production- in any industry in Australia where costs of production are an important issue and analyse what is being done in the industry. May be the industry is switching to technology or/and some substitutes..
If a monopolist must lower the price on all units in order to sell an additional unit, For a perfectly competitive firm,
Elucidate how much would the industry save by raising all of the debt now, in a single issue, rather than in three separate issues.
The Blue Dragon Restaurant is a new Chinese Restaurant in town. As the only Chinese restaurant in the area, it faces the following daily demand curve:
Suppose that Tamara and Vicki are both in the public eye. They get offers to sell secrets of the other to tabloids. If both keep the secrets, they are both better off than if they get exposed. If only one is exposed, the other person is better off th..
q1. assume that survey measures of consumer confidence indicate a wave of pessimism is sweeping the country. if
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