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A company manufactures radios. If x is the number of radios that retailers are likely to purchase at a price p(x) = 10 - x 1000 rand per unit and the cost function is given by c(x) = 5 000 +2x, what is the revenue function of the manufacturing company?
Assume which Sweden also Portugal both produce oil also stained glass. Sweden's opportunity cost of producing a pane of stained glass is 8 barrels of oil.
A competitive advantage furthermore earns a life span income of $6 million moreover the non-steroid user earns $1 million.
The nation of Wrexington utilizes the same method to Compute the unemployment rate as the U.S. Bureau of Labor Statistics utilizes. From the data below, Compute Wrexington's unemployment rate.
What would happen to the position of the demand curve for dental services if patients had to wait even longer for an appointment with a dentist.
Illustrate why are second hand goods not included in the value of national income.
There is a potential entrant, who needs to pay a sunk cost of f to enter in this market. Firms may produce any quantity that does not exceed its capacity.
Illustrate what is the probability that this worker is a college graduate. A non-college graduate. Are educational achievement and employment states independent
Write expressions for total revenue and marginal revenue as a function of the number of tickets sold and compute the profit-maximizing quantity of tickets.
Suppose that, instead, the market quantity demanded at a price of $1.33 is only 75,000. How many firms do you expect there to be in this industry.
Ajax Cleaning Products is a medium-sized firm operating in an industry dominated by one very large firm Tile King.
Assume the Bills have the chance to offer a season ticket that is good for all eight home games, a partial season ticket that is good.
Illustrate what will be the total consumer surplus to those consumers.
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