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The owner of a new health spa estimates the avg customer's monthly demand for visiting the spa as Q-50-.25P. The cost of operating is C(Q)=3Q, where Q is the # of visits. The owner has been charging a $20/month membership fee and a $5 per-visit fee. Part of your salary is 10 percent of monthly profits. Suggest a pricing strategy that will increase your salary. Think I have it, but would like to see if so...
In a classical model a decrease in population would
Discuss the Institutionalise s theory of production and distribution. Note: a discussion of the Veblen an dichotomy, and how it fits into the theory of production and distribution should be included in your answer.
What could the Fed do in 2002-2003 in order to bring the economy back to full-unemployment ? What did the Fed actually do? Explain in detail
GRAPH a comparison of the short-run and long-run profits, price, and quantity of a Monopoly and a Perfect Competition firm. Which type of market structure generates greater profits? Why? Give 5 Characteristics of a Perfect competition firm and monop..
The subway fare in your town has just been increased from a current level of 50 cents to $1.00 per ride. As a result, the transit authority notes a decline in ridership of 30 percent. Compute the price elasticity of demand for subway rides.
Assume there is a central city school district in which the student population is predominantly black. What will there be a salary differential between black and white teachers.
Why might EMS provisions for the extension of central bank credits from strong-to weak-currency members have increased the stability of EMS exchange rates? Why would the failure to create a unified EU labor market be particularly harmful to the prosp..
What is the payoff table? If the firms act independently what advertising level should each choose? Could the firms profit by entering into an industry wide agreement concerning the extent of advertising?
When the price of good X is 100, the quantity demanded is 100. Calculate the relevant elasticities for the following changes: When the price of X changes to 50, the quantity demanded rises to 250. When the price of Y changes from 5 to 10, the quantit..
If the marginal product of the 4th worker hired is 6, and the marginal product of the 5th worker hired is 4, you should not hire the 5th worker because your profit would decrease since the 5th worker’s marginal product is less than the marginal produ..
The city of Spillsville is worried that its municipal landfill is going to fill up. As a result, the city's sanitation engineer has proposed three solutions: Require each household to reduce its garbage disposal by 100 pounds per month.
If you were to learn that a bottle of gatorade increased in size from 2009 to 2010, should that information affect your compute of the inflation rate.
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