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You are the manager of a hamburger joint with a marginal cost of $6.00 per hamburger. The hamburger joint is a local monopoly near campus. During the day, only students eat at the joint while in the evening only the faculty members eat there. If students have an elasticity of demand for hamburger of -4 and the faculty has an elasticity of demand of -3, what should your pricing strategy be to maximize profits?
Explain the debate on equal rights, especially as related to marriage, for gay men and lesbians continues. Would you classify this as an issue or as a problem.
Past experience has explain how that an 80% learning curve applies to the labor required for producing these units. The time to complete the first unit has been estimated to be 1.76 hours.
They value campaign funding in terms of dollars spent. Therefore, after spending ci on a campaign.
q.1. the initial tax basis may includea. legal fees.b. commissions.c. second mortgage note signed by purchaser.d. all
Ryan has $200 per week to spend on gas and food. The price of gas is $4/gallon and the price of food is $2 unit. What is the opportunity cost of an additional unit of food in terms of gallons of gas? What is the opportunity cost of a gallon of gas in..
64.q1. in relation to itunes music store further variable pricing elucidate what are some other potential pricing
The Phillips curve supposes that there is a trade off between inflation and unemployment. Is this correct? Why or why not?
Elucidate why housing is expensive around campus and use the concept of implicit cost to justify students' hesitation to move away from campus.
Explain underlying basis for foreign direct investment and discuss several factors that may contribute to it. What factors have likely contributed to current U.S. net direct investment position.
A flood control project with a life of 16 years will require an investment of $63,971 and annual maintenance costs of $5,000. The project will provide no benefits for the first two years but will save $24,000 per year in flood damage starting in the ..
Consider following claim: price of gasoline has doubled and corresponding change in demand gravely hurt those who have long commutes to work. As a student of economics what do you find correct and what incorrect in this claim.
If policymakers want to reach full employment while maintaining balanced trade, what combination of monetary and fiscal policy should they use.
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