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Q. You are the manager of a local sporting goods store and recently purchased a shipment of 60 sets of skis and ski bindings at a total cost of $30,000 ( your wholesale supplier would not let you purchase the skis and bindings separately, nor would it let you purchase fewer than 60 sets). The community in which your store is located consists of many different types of skiers, ranging from advanced to beginners. From experience, you know that different skiers value skis and bindings differently. Explain however, you cannot profitably price discriminate because you cannot prevent resale. There are about 20 advanced skiers who value skis at $350 and ski bindings at $250; 20 intermediate skiers who value skis at $250 and ski bindings at $375; and 20 beginning skiers who value skis at $175 and ski bindings at $ 325. Determine your optimal pricing strategy.
Suppose that a monopolist's product could be either high quality (H) or low quality (L).
During the month, there are 26 workdays. The company has 15 workers.
Under oligopoly, if one firm in an industry significantly increases advertising expenditures in order to capture a greater market share, it is most likely that other firms in that industry.
If Jason produces 250 kilograms of food per month, Explain how more liquor must he produce to achieve production efficiency.
Is it advantageous for all countries to utilize cheaper labor or does importing your goods.
Does the patent system encourage duplicative efforts solely for the chance to be first.
Deficient as the sole mechanism for determining the optimal level of resource employment.
If instead the Fed wants to stabilize aggregate demand, how should it change the money supply..
Discuss industry concentration, demand and market conditions and the pricing behavior of Kodak in the 1990's. Do you think the industry environment is significantly different today.
You're the manager of xyz inc. also must decide Elucidate how much output to maximize your firm's profit.
Who has the comparative advantage in what product. Once they specialize, how much does output increase. What are the terms of trade if the United States trades 1 can of soda for 5 units of clothing.
Does the production technology exhibit increasing/decreasing/constant returns to scale.
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