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If the marginal profit is negative for the sale of a certain number of units of a product, is the company that is marketing the item losing money on the sale? Explain.
If the marginal profit is negative for the sale of a certain number of units, it is a.) _____________ (possible or not possible) to know whether the company is losing money on the total sale. However, it is b.) _____________ (possible or not possible) to say that the company is losing money on the sale of any more units sold at that point.
llustrate what will be the equilibrium price also quantity in the market. Illustrate what is the total market profit also consumer surplus.
Identify a market which you feel is perfectly competitive. The firms in this structure are considered price takers, are the firms in the market you chose all selling their product at the same price? Why or why not?
Describe briefly one trade topic identified by the WTO on the website. And, what did you learn from the Web site about the WTO.
Explain why it is in the best interest of society to treat these types of property the same or differently.
q.you are the owner of a fast food restaurant. given a new item that you recently advertised you experience additional
What is the maximum amount of harvest that can sustainably be achieved (i.e., the maximum sustainable yield, MSY)?
How does your answer compare to an economy in which the total amount of the loan is deposited in the banking system and the public does not hold any of the loans in currency?
Neglect other concerns, like closing costs, capital gains, and tax consequences of owning, and determine whether it is better to rent or own.
What is the average time period for the introduction of a new drug into market? Which drug is likely to be the most profitable for its producer (in terms of average “per-drug” profit)? Which one of the following basic findings about for-profits is no..
Many police officer positions being advertised today require the applicant to have a college degree even though the tasks of a police officer rarely call upon college course material. From an economics perspective, why don't police departments increa..
Two firms compete in quantities, selling identical goods, facing the demand function P(Q) = 130−q1− q2 where qi is the output level of firm i. Assume that firm 1 is more efficient than firm 2, MC1(q) = 10 and MC2(q) = 20. Find the NE quantities of th..
New safety regulations increase manufacturers’ costs of producing insulation. What happens in the market for insulation as a result?
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