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A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 100 - 0.5P, and the marginal cost of production is $80.
a. Determine the optimal number of units to put in a package.
b. How much should the firm charge for this package?
In recent decades, trade has been growing faster than income for many countries. What combination of trade effects is sufficient for this to come about? Is this behavior consistent with the Rybczynski theorem? Under what circumstances?
If marginal utility is declining over a period of time during which the consumption of a good is occurring, If two goods have the same price, then
This question focuses on Pricing and exchange rates: On January 1, the U.S. dollar: Japanese yen exchange rate is $1 = ¥250. During the year, U.S. inflation is 4% and Japanese inflation is 2%. whose toughest competitor is Japan's Komatsu in the US ma..
Florida Citrus Mutual, an agricultural cooperative association for citrus growers in Florida, needs to predict what will happen to the price and output of Florida oranges under the conditions below. What are your predictions? The price of Florida gra..
Nominal GDP increased from roughly $10.3 trillion in 2001 to $14.4 trillion in 2008. In the same period prices rose on average by roughly 19.78 percent. By how much did real GDP increase?
A University wishes to create an information system for recording the results of students. When a student joins the university he or she registers on a particular course. Each student is also assigned an Advisor of Studies. Each module is assigned to..
q.a firm uses 4 inputs to produce 1 output. the creation function is fx1 x2 x3 x4 minx1 x2 minx3 x4.1 elucidate what
The government of France taxes movies that are produced outside of the country at the rate of tx , which effectively subsidizes domestically-produced movies. Is this policy consistent with a Pareto efficient allocation of resources? With the aid of s..
A specially built computer system has just been purchased by Progress Greenhouse Products to monitor moisture level and to control drip irrigation in hydroponics beds that grow cluster tradiro tomatoes. Determine the capitalized cost (i.e. forever) a..
An automatic veto that occurs when Congress goes out of session within ten days of submitting a bill to the president and the president has not signed it, is known as
A survey of economists revealed that more than three-fourths of them agreed with a number of statements, including which of the following.
a tax imposed on imports is calleda tariffa quotaa comparative advantagean excise taxquestion 2this result proposes
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