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Choose a product from the list. Name and describe the product category below. What types of products are included? (Don’t name companies or brands).
Breakfast Cereal
Dairy products
Footwear
Fruits and Vegetables (canned, pickled and dried) Household cleaning products
Household cooking equipment (ranges, microwave ovens, grills, etc)
Pharmaceuticals (prescription and over the counter)
Refrigerators Seafood (canned, fresh and frozen)
Small appliances (toaster, coffee maker, irons, etc)
Soft Drinks (non-alcoholic beverages)
The highway department expects the cost of maintenance for a piece of heavy construction equipment tp be $5000 in year , then increase to $5500 in year 2, and increase $500 annually till year 10. At interest rate 10% per year determine the present wo..
Now suppose the factory develops an innovation that allows it to produce a shirt for the equivalent of 1 loaf of bread. What is the new radius of the factory's market area.
Calculate the deadweight loss from the tax. Elucidate the tax be defensible in spite of the deadweight loss.
A perfectly A Perfectly competitive firm has a MPL = 20-L. If P = $5 and w = $10/hr. What is the optimal quantity of labor demanded?
Why do you believe that it is important for managers to understand both short run and long run supply and demand? Cite one hypothetical or real life example that illustrates your response.
Identify market structure Identify elasticity of the product Include rationale for the following questions: How will pricing relate to elasticity of your product?
Provided Ajax's pricing strategy, illustrate what is marginal revenue function for Ajax.Compute profit-maximizing level of output for Ajax.
Government A decides it wants to eliminate poverty and unemployment by immediately issuing 50,000 dollars/yr to all unemployed citizens. All said citizens receiving the 50,000 per year under this government are thereby not considered unemployed. Expl..
Suppose a duopoly and let demand be specified by P=A-BQ. In accumulation both firms have same marginal cost c. Interaction between the two firms will be frequent infinite.
Elucidate the common kinked-demand model. In the oligopolist's marginal-revenue curve, elucidate the reason for gap. In this model explain how does price rigidity in oligopoly.
What types of economic evaluations should Shadyville use to rationalize the decision between the implementation of Contingency Plan 1 and Contingency Plan 2? Why?
What is the discrepancy between net benefits and the benefits cost ratio? That is, typically why is the maximization of net benefits the same as the maximization of the benefits cost ratio?
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