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Overheard at the water cooler: "The demand and cost estimated that were provided at the meeting were very useful (Q= 90-6.5P and TC= 150 + 3.5Q). Unfortunately, what we didn't realize at the time was that our fixed costs were underestimated by at least 30 percent. This means that we will have to adjust our price upward by at least 30 % to cover the added fixed cost. In any case, there is no way we can survive by charging less than $9 for our product."
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.
Illustrate what about burning all but one of his ships made to a utilize, powerful strategic commitment for Cortes in Mexico.
Discuss an activity or process or product of Wal-Mart that exhibits economies or diseconomies of scale. Describe the source of the scale economy.
Assume the monopoly sells its goods in two different markets esparated by some distance. The demand curve in the first market is given by Q1=55-P1,and demand curve in second market is given by Q2=70-2P2.
Steve believes that Monica has a 25% chance of be Illustrate what is Steve's expected utility from buying.
If the Federal Reserve had maintained a constant money supply in the face of this change, what would have happened to the interest rate.
Illustrate if the table represents the demand faced by a monopoly firm, then what is that firm's marginal revenue as it increases output from 1300 units to 2200 units.
you agree with the argument which the copyright owners of the materials mentioned should not be paid a fee if their material is on YouTube.
if Night Timers plans to sell 125,000 rolls per year, Illustrate what is the necessary price if the firm is to break even
Gains from trade will result if a country specializes.
Illustrate who benefits more from a transaction of the good or service, the buyer or the seller. Generally speaking, why do people enter into trade.
If the prices of gold and other commodities increases how will this influence the value of the rand. Explain how will a depreation of the rand influence our exports and imports.
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