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Give a numerical example to show that a monopolist's marinal revenue can be upward-slping over prt of its range. Hint: The price of the demand curve is the producer's average revenue. Remember the possibility of decling average costs while marginal costs were inccreaing.
Suppose the demand function for a good is expressed as Q = 100 - 4p. If the good currently sells for $10, then the price elasticity of demand equals
Make a table showing Mankato's marginal cost of newsprint production. Find out the minimum price necessary for Mankato to supply one ton of newsprint?
Labor is a resource that is necessary to produce many goods. "If the price of labor falls," says the economist, "the price of goods will soon follow." How does this work?
Prepare an essay on Minimum wages are likely to harm those they are designed to help.
Develop a preliminary SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis for QMC. Because this is a new target market with a smaller computer, you want to make sure you are including your current customers. Be sure to consider your com..
What is an "oligopoly" and why do they exist? Mention three or four oligopolies whose products you own or regularly purchase.
A company has a EBIT to be $100,000 every year forever. The company can borrow at 5%, has no debt and cost of equity of 15%. If the tax rate is 25 %, find out the value of the firm?
Explain why government regulation is or is not needed, citing the major reasons for government involvement in a market economy. Provide support for your explanation.
Calculate Alex's income elasticity of demand for bagels and what is the pasta sauce makers' estimate of the cross elasticity of demand for pasta sauce with respect to the price of pasta?
Compute the price elasticity of demand using the point formula for Px = 20 and Py = 10. Determine whether demand is elastic, inelastic, or unit elastic with respect to its own price and whether Good Y is a substitute or a complement with respect t..
Consider the following demand schedule. Does it apply to the perfectly competitive firm? Calculate marginal and average revenue.
Assume a manager of a profitable department store you're confronted with the pricing problem. You've two types of customers
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