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A company has three plants:a,b, andc, and there are two major distribution centers,dande. In the current quarter, factoriesa,b, andchave the capacities 1,000, 1,500, and 1,200 units, respectively.
The demands of distribution centersdandeare 2,300 and 1,400 items, respectively. The transportation is conducted by truck at the cost of 8 cents per item per kilometer. Design a transportation problem to minimize transportation costs. The distances are listed (in kilometers):
Suppose that the eye doctor offers senior residents a discounted price for an eye exam. The demand function for senior residents is Qs = 50 - Ps, and the demand function for the general public is Qg = 60 - Pg. The marginal cost for an eye exam is ..
Derive the discounted utility of the elite when the middle class are in control of politics, denoted by Ve(M), and compare this to their utility when they are in control, Ve(E).
Show the monopoly's possible outcomes-high price, low quantity, low price, high quantity-and explain the condition under which the monopoly chooses to cater to the snobs rather than to the hoi polloi.
Suppose that the most popular car dealer in your area sells 10 percent of all vehicles. If all other car dealers sell either the same number of vehicles or fewer, what is the largest value that the Herfindahl index could possibly take for car deal..
Given below are the cost schedules for a perfectly competitive firm. Average Average Variable Total Marginal Quantity Cost Cost Cost 1 $ 50 $ 90 $ 50 2 45 65 40 3 40 53 30 4 35 45 20 5 34 42 30 6 35 41 40 7 37 43 50 8 40 45 60
If the market is rational, would the painting that previously sold in the "hot" market necessarily fetch a higher price at the auction? What biases that were discussed in class may cause the painting that previously sold in the "hot" market indeed..
A 1 year US treasury bond yields 0.5% (0.005 as a decimal), and the 1-year euro bond rate is 1.0%. If the current spot rate is € .7565/ $ , and the current 1-year forward rate is €.7465, then which investment offers the highest return
In more than 500 words explain the concept of of the theory of consumer behavior
Suppose the long-run supply curves in the two countries have the same slope. Show the long-run effects of the increase in demand.
financial crises such as the recent lsquosub-prime credit crisis have significant disruptive effects on the flow of
How might a critic respond to the claim that taxes always make the allocation of resources less efficient?
Explain why a monopolist, such as Media Cable, faces a downward-sloping demand curve Explain why the marginal revenue from an additional sale is less than the price of the service Suppose Media Cable currently charges $70 for its service. If it lo..
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