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Price discrimination: Shooting Star Books is a small publishing company that specializes in science fiction books. Assume that the marginal cost and average variable cost of printing books is $0 per book, and there is not fixed cost. The annual demand is Q = 1200-50P. Marginal revenue is MR = 24-0.04Q. Find the profit-maximizing P, Q, and profit. (P=12 Q=600 profit=7200)
What was the legal reasoning behind the Supreme Court’s decision in the Brown v. Board of Education case? What was the counterargument made by segregationists that were expressed in "The Southern Manifesto". What was the ultimate impact of the case o..
Explain it surprising that the company's revenue increased when it decreased the average selling price of its phones.
What are the main arguments based on social efficiency that support having an estate tax similar to the U.S. tax before 2002? What are the main arguments against having such a tax?
Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most balanced picture of how prices fluctuate in the economy. Two of the most commonly used price indexes are the consumer price i..
Using the Community Health Care Roles and Functions Table, examine the health care professions and departments involved in public policy, outcomes, and social marketing aspects of the health care field.
hould the measure of imports used in the GNP accounts therefore be defined to include only imports of FINAL goods and services from abroad. What about export.
Discuss the tragedy of the commons in a free-market economy. Address the following in your response: Explain the concept of the tragedy of the commons Can it be avoided in a true free-market economy? Why or why not? Identify three government actions ..
When real estate agents sell their own, rather than clients’, houses, they leave the houses on the market for a longer time (10 days longer on average) and wind up with better prices (2% higher on average). Why?
Use indifference analysis to demonstrate the income, substitution also the total effects if good X is a non-Griffin inferior one.
Describe why it is often asserted that that exporters suffer when their home currencies appreciate in real terms against foreign currencies and prosper when their home currencies depreciate in real terms.
Consider the following after-tax cash flows: Compute the future worth’s of the projects at the end of period 7. Assume that the required service period is seven years and that the company is considering a comparable equipment that has an annual lease..
The university bookstores received 4 million euros from students in exchange for the books. Illustrate what is the total contribution to GDP from the above events.
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