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If the market price of oranges is $5 per bushel, what is the optimal production quantity (measured in thousands of bushels) of Texas Citrus Company in the short run? What is the economic profit (or loss) of Texas Citrus Company in the short run? Do new orange growersenter the market in the long run? Explain
The three families are considering putting in streetlights on Main Street and are trying to describe how many lights to install. The table below shows each family's willingness to pay for each streetlight.
Explain what Alice must prove in order to maintain a claim for sexual harassment and constructive discharge.
Explain how can multiplier have a -ve effect. What is the relationship among the multiplier as well as the marginal propensities.
Suppose that both countries are currently producing three pairs of boots and three shirts. Elucidate that both can be better off if they each specialize in producing one good and then engage in trade.
Illustrate what price should the firm charge if it wants to maximize its profits in the short run. What arguments can be made for charging a price higher than this price.
This marginal cost is the only cost associated with the product. Illustrate what are the profit-maximizing price also quantity. Illustrate what are your optimal price also quantity.
Suppose the managers of the two firms decide to collude. If they formed a cartel, illustrate what would be the profit maximizing level of output.
Suppose that the price of IPATH increases by 5%,at the same time the price of laptops falls by 3% and income elasticity increases by 2%.
Explain how does price elasticity affect the price-quantity combination and segment of the demand curve that the monopolist would prefer for price and output.
Does the concept of technological efficiency permit us to determine at which point on an isoquant a firm should operate.
Why would you sell these items through retail stores, or would you try direct marketing.
Assume the cost of a can was $5.10. In this case, to maximize its profit the firm illustrated in the figure above would
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