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Q. The demand schedule for sugar is:Price Quantity Demanded(dollars per kilogram) (millions of kilograms per year)3 205 167 129 712 3
a) What happens to total revenue if the price of sugar rises from $3 to $7 per kilogram?
b) What happens to total revenue if the price rises from $7 to $12?
c) At what price is total revenue a maximum?
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Illustrate what effect will each of the subsequent have on the supply of auto tires
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Between patents and copyrights, which reflects a free market, and which is a grant of monopoly privilege by the state? Patents give inventors or developers of new products
Suppose we are with a real estate agency that has the following houses listed in a specific geographic area. $150,000; $146,000; $152,000; $155,000; $143,000; $157,000; $180,000; $148,000; $154,000; $146,000; $155,000
Calculate the marginal physical product of labor at each quantity of labor
Two dry cleaners are located on a street of length. The firms do not make the same profit, verbally describe why this is the case.
Consequently, the firms’ top accountants and financial manager argue that the firm should raise the price of the product 10 percent above its original target to help recoup some of these costs. Does such a strategy make sense? Explain carefully.
q1. elucidate how a person who refuses an offer of employment in order to keep looking for a better job is counted by
a friend of yours is considering two cell phone service providers. provider a costing 120 month for the services
elucidate only the effect of recession on the country. Due to floods a country suffered from recession but gradual triggered growth in the manufacturing sector in the following years.
Draw the Edgeworth box of this situation and draw the contract curve. What dowe know about the proportion of peanut butter to jam held by Adam in any equilibrium?
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