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A florist earns a profit of $2.00 on each bunch of carnations, $3.00 on each bunch of lilies and $1.00 on a bunch of roses. On a particular day, she sold 46 bunches of flowers and made a profit of $82.00. She sold twice as many bunches of roses as bunches of lilies
suppose that media cable is a single-price monopolist in the market for cable in anywhere iowa. media has five
a firm has the choice of the following investmentsinvestment a costs 5000 today pays a total of 4000 next year and 1700
1. suppose the price elasticity of supply for new homes is 0.25 in the short run and 1.05 in the long run.a. if the
The output sold by a particular firm may be quite different from the output sold by the other firms in the market
write a 1050- to 1400 word paper that discusses basic concepts in applied economics in the context of the simulation.
The market price of a basic digital cell phone fell due to increased production.Demand for office space in major US cities dropped significantly between 2009 and 2010.
When a government wants to increase tax revenue, they will often increase the sales tax on gasoline. Using price elasticity of demand, explain why the tax would be placed on gasoline rather than, say, yachts. What might be the long run effect of r..
Estimate the number of cups served per week and determine outlet demand curve. What would be the effect of a $5000 increase in the competitors' advertisement expenditure and outlet demand curve
assume that the regulator knows the marginal cost of abatement fairly well but there is uncertainty about marginal
contrast two or three key economic factors for each country with the u.s. economy and comment. for example if per
there are three alternative plans that indicate the benefits and costs associated with the construction of a manitoba
1. advertising is an important aspect of monopolistic competition and oligopoly becausea. there are significant
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