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A small company manufactures and sells bicycles.The production manager has determined that the demand functions for q(q>0) bicycles per week is p=90-q, where p is the price per bicycle. find the maximum weekly revenue ?
Joseph can initially produce 10 pizzas or 5 cakes. After some training from a pizza-making expert, his opportunity cost of making. (a) cakes will remain unchanged (b) 1 cake will become less than 2 pizzas (c) 1 cake will become equal to 1 pizza (d) 1..
If the quality differences of similar products are mostly imperceptible to the average consumer's eyes, which of the following will most likely play a major role in influencing the decisions of purchasers?
Elucidate how scarcity of resources influences this market and describe the choices stakeholders are forced to make.
Suppose that there are 100 identical firms in a market. Each firm has a short-run marginal cost and average variable cost functions given by. Determine the supply function of each firm. Determine the market supply function. Suppose that the market de..
__________can lead to a situation where, even if sellers are faced with a situation of _______________, they will decide not to cut prices for awhile because they know that buyers in this situation will not react by purchasing a _______________ .
Bid-ask spreads: Suppose you contact your currency dealer at Credit Agricole and obtain the following quote on US dollars, priced in Swiss franc (SF).
Suppose you read in an industry publication that the Rothschild index for the petroleum industry is 0.88. Based on past experience, you know that the price elasticity of demand for the petroleum products sold by your firm is ?1.5.
A monopolist with a straight-line demand curve finds that it can sell one unit at $9 each or nine units at $1 each. Its marginal cost is constant at $4 per unit.
q1. prepare five-year revenue and return on sales objectives. justify your objectives. you should be able to derive an
Inflation has been a reality for the general economy of the U.S. In many years. Given this assumption, calculate the number of years it will take for the purchasing power of today's dollars to equal one-fifth of their present value. Assume that infla..
To purchase a house for $80,000, a new couple has $12,000 available for down payment. get a new standard mortgage with 10% APR interest compounded monthly for a 30-year term. What is the effective rate for option 2 per year? Compute the monthly payme..
Elucidate what is meant by "double coincidence of wants, and why it poses an impediment to efficient trade in a barter economy.
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