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At a price of $4 per unit, Gadgets Inc. is willing to supply 20,000 gadgets, while United Gadgets is willing to supply 10,000 gadgets. If the price were to rise to $8 per unit, their respective quantities supplied would rise to 45,000 and 25,000. If these are the only two firms supplying gadgets, what is the elasticity of supply in the market for gadgets?
Create a list of reasons for your recommendation and include considerations of product features and use of advertising.
Discuss a firm's objective relative to its economic cost. Describe each of the firm's economic cost, and whether these would be considered explicit or implicit. What is the difference between an economic profit and an accounting profit.
Provide an example of how government regulation is either constraining or enabling for a particular company indicating the impact to the operational efficiency of the company. Discuss how your response impacts maximizing shareholder wealth.
Our customers who choose to keep a car for an extra day are currently paying the same base daily rate. Do you see any potential in exploring alternative schemes? If so, what changes should we implement-shall we change the price for extra days? Wha..
You are currently charging $1 per bag of popcorn, spending $200 in advertising, charging $1 for a soda pop, and per capita income is $12,000. a. Compute the elasticity coefficients for price, advertising, income, and cross-price. b. You are curren..
Consider the advantages and disadvantages of the European Union adopting a common currency and determine if this move was a good idea or not
what is the economys current stage in the business cycle? support your answer with an article written within the last
Describe the relationship between unemployment and real and nominal wages. Which is more important and why What effects would either an increase or decrease in unemployment have on wages
Current concerns stem from the fear that if medicare remains an open ended program, its share of the federal budge will continue to increase over time. Prepare a brief memo examining "a freeze in physicians' fees and a requirement of mandatory ass..
1. consider the problem of maximizing uc t subject to pc wl wt y where c is consumption leisure time t is the total
using the aggregate demandaggregate supply model and the information in the below quote present a rationale for why the
jane derives utility only from her caffeine intake. she can consume coffee or tea and a cup of coffee contains four
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