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If a price taker raises its price above the market price,
A. its total revenue will fall to zero.
B. it will lose some but not all customers
C. its total revenue will rise if it faces an inelastic demand curve.
D. its total revenue will fall by the percentage by which price is raised
If the elasticity of demand by students for students for MSOffice is 5, while the elasticity of demand by business professional is 2, and the marginal cost of producing another bundle of the office suite is $50, what are the profit mazimizing pric..
Describe why a change in a firm's total fixed cost of production will shift its average total cost curve, but not its marginal cost curve.
the united states has had a significant trade imbalance for several years. what are the problems associated with
Who bears the cost of import barriers protecting a job where the industry employing labor has lost its comparative advantage Consider the use of tariffs on steel imports into the U.S. during the recent Bush Administration.
suppose you have 10 indivduals with vales 1 2 3 4 5 6 7 8 9 10. . our marginal cost of production is 2.50. what is the
Rick buys a 1966 Mustang for $3,000, planning to restore and sell the car. He goes on to spend $9,000 restoring the car. At this point he can sell the car for $10,000. As an alternative, he can spend an additional $3,000 replacing the engine.
research the current demand for a good or service of your choice. collect information that will affect the demand for
for the firm the major goal of profit sharing plans is to ltbrgtfor the firm the major goal of profit sharing plans is
The basic purpose of imposing legal reserve requirements on commercial banks is to: Assure the liquidity of commercial banks Provide a device through which the credit-creating activities of banks can be controlled Provide a proper ratio.
1. data for the market for graham crackers is shown below. calculate the elasticity of demand between the following
1. a profit maximizing firm in perfect competition produces no dead weight loss but a profit maximizing firm in a
What will happen to wage rates in country A and country B because of the migration of labor from country B to country A and what will happen to domestic output in country A and country B after immigration?
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