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In the 1990s, five firms supplied amateur color film in the United States: Kodak, Fuji, Konica, Agfa, and 3M. From a technical viewpoint, there was little difference in the quality of color film produced by these firms, yet Kodak's market share was 67 percent. The own price elasticity of demand for Kodak film was -2.0 and the market elasticity of demand was -1.75. Suppose that in the 1990s, the average retail price of a roll of Kodak film was $6.95 and that Kodak's marginal cost was $3.475 per roll. Based on this information, discuss industry concentration, demand and market conditions, and the pricing behavior of Kodak in the 1990s. Do you think the industry environment is significantly different today? Explain
Elucidate the implication of the efficiency wage theory for unemployment. In what way are piece rates, commissions, royalties, profit sharing, and stock options substitutes for efficiency wages.
Draw a set of indifference curves that would make it optimal for him to work 4 hours of overtime each day.
How does the change of consumer and producer surplus compared to the tax revenue.
explain what occurs when a new technology makes another one obsolete in terms of economic profit. consider firm a to be
What What marketing strategies should Radiance pursue in the next five years? Explain why the strategies you select would best fit the organization. in the next five years? Explain why the strategies you select would best fit the organization.
Illustrate what would it raise more money than today, less money, or the same amount of money.
What is a one invention that had good impact on the international economy and why. What were the impacts of this invention were impact good or bad.
An ongoing approach debate concerns whether to legalize utilize of drugs such as marijuana also cocaine.
q.two alternative designs are under consideration for a tapered fastening pin. the fastening pins are sold for 0.70
Characteristics of Proprietorships what percentage of sole proprietorships is engaged in retail trade? Why might more sole proprietorships be engaged in services rather than manufacturing?
Using the Lagrangean Multiplier method, determine how should the hardwood be allocated between the two lines of product so that total profit can be maximized. Also calculate the optimal amounts of Y and Z and total profit from each product line.
government official proposed which gasoline price controls be imposed to protect the poor from rising gasoline prices.
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