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Question: Your company operates in a perfectly competitive market. You have been told that advertising can help you increase your sales in the short run. Would you create an aggressive advertising campaign for your product?
Suppose the price of widgets rises from $5 to $7 and consumption of widgets falls from 25 widgets a month to 15 widgets. Calculate your price elasticity of demand of widgets.
Define the type of market in which your selected product will compete, along with an analysis of competitors and customers. Analyze any comparative advantages and international trade opportunities.
Residents of your city are charged a fixed weekly fee of $6 for garbage collection. They are allowed to put out as many cans as they wish. The average household disposes of three cans of garbage per week under this plan.
Are all seats sold? If not, wouldn't the airline make more money by selling more seats at a lower price - Explain the conditions necessary for a firm to practice 3rd degree price discrimination and using airline conditions as examples.
One would expect traditional expansionary monetary and fiscal policies to be more than minimally effective in terms of curing, or at least mitigating against:
Your response should be 750-1,000 words, demonstrate thoughtful consideration of the ideas and concepts. Use APA format, 6th edition.
What is the market clearing real interest rate - Explain how this strategy of raising inflationary expectations is supposed to stimulate output.
Which structural coefficients, if any, can be estimated from the reduced-form coefficients? Demonstrate your contention
Sergei is a computer programmer with a utility function equal to U=Y+120L-L . He contracts with Uber that allows him to set his own work hours; they pay him $50/hour. He has allocated himself a work-hour time budget of a maximum of 250 hours per mont..
Prepare a case proposal document (CASE FORMAT) describing American Airlines company and presenting the economic aspects of pricing. Cover ideas and insights about the case.
Suggest the substantive manner in which the company could create a convergence between the interests of stockholders and managers.
Suppose the demand curve for a monopolist is QD = 250. - .25P,and the marginal revenue function is MR = 1000 - 8Q.The monopolist has a constant marginal and average total cost of $45 per unit. Find the monopolist's profit-maximizing price.
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