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The firm is considering a quantity discount. The first 400 units can be purchased at a price of $120, and further units can be purchased at a price of $80. How many units will the consumer buy in total?
b. Show that this second-degree price-discrimination scheme is more profitable than a single monopoly price.
If the CPI was 110 last year and is 121 this year, what is this year's rate of inflation In contrast, suppose that the CPI was 110 last year and is 108 this year. What is this year's rate of inflation What term do economists use to describe this s..
(c) What is the variable cost of producing 40 units of output (d) How many units of the variable input should be used to maximize profits (e) What are your maximum profits (f) Over what range of variable input usage do increasing marginal returns exi..
Find information about labor market statistics of your local community over the last 3 years
Jon drops $100 bill. (no one in the economy holds currency). Bank keeps 5% of it's money in reserves. How much money can the bank initially lend out After this initial transaction by how much is the money in the economy changed
In an effort to make gasoline more affordable for our population, the US government mandates that gasoline be priced at $3 per gallon, while the market price at present is $4 per gallon. What impact will this policy have on gasoline sales.
Thompson Mechanical Product is planning to set aside $150,000 now for possibly replacing its large synchronous refiner motors whenever it becomes necessary. If the replacement is not needed for 7 years, how much will the company have in its invest..
Assume that the market price of new housing is $100,000 in Las Vegas, and local government officials modify regulations which increase the cost of building new homes. The higher costs cause supply to drop by 18%
When disparities exist from census information, housing starts data and other research data when seeking for information to help with predicting the power tool market
Your accountants tell you that it costs $400 to set up an immunization program at a preschool and immunize one child against polio. It will cost $460 to immunize 20 more children.What is the cost per child for these additional 20 children
Mark McGwire hit 70 home runs while playing for the St. Louis Cardinals. In 1999, McGwire hit 65 home runs. This decrease in marginal(home runs per season) product led to an associated decrease in McGwire's average(home runs per season) product.
When Iraq invaded Kuwait in 1990, the market price of crude petroleum jumped from $21.54 per barrel to $30.50 per barrel - an increase of almost 42 percent. Your boss is puzzled, because the price increase actually occurred
David gets $3 per month as an allowance to spend any way he pleases. Since he likes only peanut butter and jelly sandwiches, he spends the entire amount on peanut butter (at $0:05 per ounce) and jelly (at $0:1 per ounce).
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