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Q. You have an exclusive contract with Major League Baseball to manufacture Dodgers baseball jerseys and sell them in two markets: Los Angeles and Brooklyn. You produce all the jerseys in a single factory located in Seattle. Your total cost function associated with producing the baseball jerseys is c(Q)=Q2+400 where q is the total amount of jerseys you produce. The inverse demand function for your jerseys in Los Angeles is PLA(QLA)=60-QLA where qLA is the quantity of jerseys sold in Los Angeles. The inverse demand function in Brooklyn is PB(QB)=40-2QB. Assume there is no transportation costs.
Explain how many baseball jerseys will you sell in Los Angeles also how many in Brooklyn? Elucidate what will be the price of your jersey in Los Angeles and what will be the price in Brooklyn? What will be your total profits?
Has consumer surplus been affected in any way due to the changes in the auto structure of industry
Write the print f C Code which will display the output with three spaces preceding it. Illustrate what is the marginal cost of the last bucking bronco produced.
The respective forecasts were 120 for all four years. Illustrate what is the resulting MAD value that can be computed from this data.
As a second alternative, Mrs. Siegal can take pain killers. Each pill costs 50 cents also Mrs. Siegal needs to take 30 pills every month.
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Assuming no other changes, if balances in money market deposit accounts increase by $50 billion and small-denominated time deposits decrease by $50 billion.
Given the experience of the last several years, Elucidate how has the valuation of dot.com changed.
When one person saves which person's wealth is increased, meaning which he or she can consume more in the future. But when everyone saves, everyone's income falls, meaning which everyone must consume less today. Explain this seeming contradiction
Elucidate why a firm might want to produce its good even after diminishing marginal returns have set in and marginal cost is rising.
Illustrate what way are entrepreneurs also businesses at the helm of the economy but commanded by consumers.
Each camera requires one lens. Explain how many cameras will Cam co produce also Illustrate what price will be charged for each.
A new Taurus bought in 1994 cost $18,680 and it could have been sold as used in 1995 for $12,600.
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