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the table shows the demand schedule for two consumers of lemonade, Eli and Molly. Assume that these are the only two consumers in the market. Use the multi-point line tool to plot the market demand curve for lemonade. Price of lemonade (per cup) Quantity demanded by Eli Quantity demanded by Molly $2 5 1 $1.50 6 2 $1 7 3 $.50 8 4 $.25 9 5
Provide two terms which you have heard in the mass media, political arena, or in any other venue.
Suppose the company is considering using an amount equal to 10 percent of its retained earnings to invest in one of the two mutually exclusive projects.
Discuss what type of foreign investments would be best for the economy's PPF. What are the opportunity costs of these decisions? Include what will happen to private and public choices as the economy grows.
Consider a monopolist facing demand curve Q = 100 - P. MC=AC=$20. Find out the monopoly price, profits, and consumer surplus.
Estimate possible macroeconomic arguments might President Obama use to defend his $862 billion fiscal stimulus package as a part of his economic recovery plans?
Dyna-Rubber, man manufactures a high-performance tire called Sport 70. Fixed development cost for current year is $600,000.
Production Possibilities Tables for Germany and Canada (note that we are assuming that opportunity costs remain constant along the production possibilities frontier), and that each country produces only these two products).
Create a supply and demand graph and identify areas of customer’s surplus and producer surplus. Given the demand curve, determine what impact will an risee in supply have on amount of customer surplus shown in your diagram?
Consider a homogenous-product Cournot duopoly model in which Q is the market output-Determine the best-response function for each firm. Draw a diagram showing the two best-response functions.
River Beverages is a food and soft-drink company with worldwide operations. The firm is organized into 5-regional divisions with every vice president reporting directly to the CEO, Cindy Wilkins.
Expalin how the actions of a mine operator can spend $5 million to free a trapped miner.
An ice cream shop read in the local paper in which the elasticity of market demand for ice cream
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