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Q. A decade ago, 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.
Show how the transaction would have been recorded in the German balance of payments accounts. What was the net effect on the German balance of payments.
You have been hired to manage a small manufacturing facility whose cost and production data.
The government plans to rise state spending by $2bn in the next fiscal year.
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Determine the minimum average cost of the firm with these different order sizes.
Suppose the state is trying to decide how many miles of a very scenic river it should preserve.
When would it make sense for a factory that is losing money to remain in operation
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Consider an employee who does not receive employer-based health insurance and must divide her $700 per week in after-tax income.
The biggest difference between Microsoft and software retailers is the market structure in which they operate.
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