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Assume an economy lasts for 2 periods. In period 1, only 1 agent is born, this agent lives for 2 periods. In period 2, two agents (who only live in period 2) are born. The consumer born in period 1 is willing to pay a max price of $100 per period of TV usage. Each consumer born in period 2 is willing to pay a max of $50 for using a TV in period 2. Suppose that there is only 1 firm producing TVs which are durable goods and which have 0 marginal production costs. Calculate the prices the selling monopoly charges for TV sets in periods 1 and 2.
The fact that a percentage of the interest income paid by one corporation is excluded from taxable income has encouraged firms to use more debt financing relative to equity financing.
In 2003, when music downloading first took off, Universal Music slashed the prices of CDs from an average of $21 to an average of $15.
5 ways to develop strategic business and briefly discuss differentiate, customer-oriented, understand clients need, r-s platform and management, active marketing, etc
Flora's Flowers operates in a perfectly competitive market. At the point where marginal cost equals marginal revenue.
If the government imposes a tax on the production of cars, which of the following will occur in the market for cars.
Which of the government policies below is not likely to encourage per capita economic growth.
The US put a specific tariff of €10 on European widgets. Calculate the new equilibrium quantity and price as well as the new Monopoly's profit.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
As before pleasing the job, you admit a surprise offer from a competitor. Elucidate how much producer surplus have you earned, if you actually earn $2600 during the month.
A woman managing a photocopy establishment for $25,000.00 per year decides to open her own duplicating place.
Proposals for modifications of the law are formulated by committees. Under the closed rule, the legislature may either accept or reject a proposed modification, but may not propose an alternative.
As control variables, Quinn's data also includes income the individual earned in the month the data was collected, and the amount that it rained in the month the data was collected.
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