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Q1. e. Tuan's demand for movie rentals per month is Q 16 - 2P. The movie store currently charges $5 per movie, but is thinking of adding a flat monthly cardholder fee, and dropping the price to $2 per rental. At this new price, illustrate what is the largest cardholder fee that Tuan will pay?
Q2. When P ATC in the long run a perfectly competitive firm experiences economic profit and new firms will enter the market?
This would be ideal because he would have the same number of pretzels as he would soda leaving no money left to spend.
How large is the bias in the CPI due to not immediately incorporating new goods.
Suppose a consumer is at an optimum, consuming 6 hamburgers a week at a price of $1.50 each and 10 donuts a week at 50 cents a donut.
Assume which the mix of fiscal and monetary policies is changed such which the money supply is increased by 100 while the government.
Assume your elasticity of demand for your parking spaces is -0.5 and price is $20 every day. If your MC is 0 and your capacity at 9 a.m. is 96% full over the last month are you optimizing.
Consider an employee who does not receive employer-based health insurance and must divide her $700 per week in after-tax income.
If buyers pay $8 per unit to the intermediary but sellers offer to rebate part of that expense to buyers.
describe briefly how consumers and incumbent firms are influenced by these externalities.
A manufacture procedure using 2 inputs, labor as well as capital.
explain the overall impact of the wage decline on hours of work. Is your worker on the forward-rising or backward bending portion of the labor supply curve.
The average consumer income is $20,000, and the price of the related good is $1.10. Compute the predicted quantity demanded of X at these prices and income.
A car manufacturer claims that its vehicles average at least 25 miles per gallon.
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