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A firm has a monopoly on a new type of gaming console. The market demand is given by P=307.4-0.003*Q and thus marginal revenue is MR=307.4-0.006*Q. The monopolist's marginal cost is MC=4.3+0.001*Q. Calculate the profit-maximizing production quantity?
Fully describe three (3) measures for assessing the effectiveness of a sales force as a whole. Explain why they are important, what they determine, and how sales managers apply these criteria to sales force performance evaluations.
Leading Auto Company was established in 1920. From its founding days, the company has built its reputation on producing quality vehicles at an affordable price.
Assume the demand for a good is price inelastic. This means that if price decreases by 50 percent, quantity demanded will;
Idea that a country can simultaneously pursue only two of the three following policies: free international-capital flows, monetary policy for domestic stabilization, and a fixed exchange rate.
Briefly explain in your own words a business cycle, economic indicators and government expenditures. Be specific, and explain
Aggregate demand and aggregate demand curve. The three reasons that explain the downward slope nature of the AD curve. Recessionary and inflationary gaps: please use AD/AS curves to show. What is the effect of sticky wages in the economy? What is eco..
The Wall Street Journal's experience after it increased its price to 75 cents. Illustrate what implicit assumptions are the publisher and the analyst making about price elasticity.
Terry has a demand function for oysters given by the equation q=.02m-2p, where m is income and p is price. Terry's income is $8,000 and he initially has to pay a price of $40 per oyster. Assume the price of oysters rises to $80. Calculate the substit..
An industry consists of three firms with sales of $200,000, $500,000, and $400,000. Compute the Herfindahl-Hirschman index.
organisational behaviour. Why is the relationship between age and job performance likely to be in issue of increasing importance during the next decade?
Unemployment generally remains stable and static overtime. Changes in technology and new workers joining the workforce have contributed to the overall upward in the unemployment rate. The behavior of the unemployment rate is related to the business c..
When the addition of one more unit of input results in a smaller increase in output then the previous unit, what type of return is occurring?
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