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Graph the aggregate demand and supply and explain the effects on the short-run price, output and employment effects for each of the following events.
a. the price of oil increases by 20%
b. technology improvements increase productivity
c. there is a sharp increase in interest rates
d. the federal government lowers personal income tax rates
Should you raise the price of your widgets? What will be the effect on total revenue? Include elasticity, consumer and producer surplus, utility maximization, consumer equilibrium.
Sales promotions are expensive to administer and can be fraught with legal complications. Sales promotions yield their most positive results when carefully integrated with the overall advertising plan. Identify which of the sales promotion techniques..
The mission must comprise APA format references on the final slide and in-text references on the slide where information is presented.
To save on gasoline expenses, Edith and Mathew agreed to carpool together for traveling to and from work. Edith preferred to travel on I-20 highway as it was usually the fastest, taking 25 minutes in the absence of traffic delays. Mathew pointed out ..
Suppose production function for noodle soup at Slurping Turtle is Q =4k^1/2 L^1/2. They currently own 4 units of capital and are not able to change this during the short run. The rental rate of capital is $10 and the wage rate is $20. Suppose Slurpin..
Consider a Cournot duopoly with the inverse demand P= 260-2Q. Firms 1 and 2 compete by simultaneously choosing their quantities. Both firms have constant marginal and average cost MC=AC = 20. Find each firm’s best response function. Find the Cournot-..
In reference to the articles, discuss how firms incorporate the triple bottom line concept into traditional business concerns over profitability. Comment on how customers can influence firms to pay more attention to the preservation of the natural en..
q.in comparing a perfectly competitive market and a monopoly please answer each of the following questions thoroughly
You are a business manager working for a firm in a purely competitive market and you just hired a summer intern who does not understand how to derive the firms’ short run supply curve from the firms’ marginal cost curve. Please explain this to the in..
Compute the percentage change in price and quantity (%ΔP, %ΔQd) by adding this one room. Calculate the Price Elasticity of Demand.
q.you work as a sales representative for a major pharmaceutical company. most of your time is spent driving to
Suppose that a manufacturer is a monopolist in selling some product to a number of competitive retailers at wholesale price w. The manufacturer has marginal cost of $10 per unit. Each retailer pays w to the manufacturer and charges p for each unit it..
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