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The demand function for a particular brand of LCD TV is given by p=2800-35x where p is the price per unit in dollars when x thousand television sets are sold.
Determine the number of sets that must be sold in order to maximize the revenue.
To the nearest whole dollar, what is the maximum revenue?
To the nearest cent, what is th price per unit when the revenue is maximized?
how much are households paid for providing entrepreneurial ability.
The natural environment poses a problem for economic theory. Even if we accept, for the sake of argument, that the free market serves employer and employee, buyer and seller, equally, the environment may be harmed by market transactions.
q. you are the ceo of value-added industries inc vai. your firm has 10000 shares of common stock outstanding and the
In long run, what would you expect to happen to the price of steelin U.S. and Germany. What would be the price differential.
It has been proposed that a government agency be charged with the responsibility for determining the amount of pollution
Explain the concept of comparative advantage and the principle theories of why trade occurs and analyze and discuss the sources of comparative advantage in national economies.
Suppose that Taher's pizza business operates under competitive conditions and that his short-run production function is q=20^E. How much labor does he employ if the price of each pizza is p = $12 and the hourly wage is w0 = $6? [Hint: In this case, i..
The economic principle that consumers are willing to consume more of a good when price is low is depicted by the:
Explain what occurs when a new technology makes another one obsolete in terms of economic profit.
There are two types of customers in a market for sheet metal. Let P represent the market price.
Austin, a US Crude Company engineer recommended that US Crude purchase a special tool to reduce the cost of pumping oil out of the bayous of St. Martin Parish. As a result of Austin's recommendation, US Crude purchased the tool for $300,000 on Januar..
Illustrate what are some examples of e-mail differences that causes frustration. Has the Weiner developed an effective comparison essay.
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