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Kety signed up with an Internet provider for a fixed fee of $19.95 per month. For this fee she gets unlimited access to the World Wide Web. During the average month in 2006 she was logged onto the Web for 17 hours. What is the average cost of an hour of Web time to Kety? What is the marginal cost of an additional hour?
Illustrate what are the levels of income every worker and consumption per worker.
We know tastes and preferences play an important role in demand. Do you think of any possible future "popular product".
If the actual price in this market were below the equilibrium price, illustrate what would drive the market toward the equilibrium.
Assume also that the price of cigarettes, the income of consumers, and the price of alcohol.
Discover the payout ratio rounded to the nearest whole percent, and explicate what a payout ratio means.
How do prices, output, and profits differ between monopolies and monopolistically competitive firms.
Explain how many units of pork will the government be forced to buy to keep the price at $2.25. How much will the government spend in total.
Find out the Nash equilibrium prices of the procedures at the hospitals. find out the profit maximizing monopoly prices of the procedure at each hospital.
explain increase in quantity of defense goods when there is an increase in marginal benefit.
If you were to draw the two nations' PPF's on the same graph, elucidate which would be farther to the right.
the changes that would occur to the jalapeno pepper market if suddenly Mexican food became popular, especially spicy Mexican food.
Illustrate which competitor is better positioned to take advantage of this opportunity. Assuming that neither company can segment the market.
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