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Based on Figure 1 (which summarizes the demand, marginal revenue, and relevant costs for your product), determine your firm's optimal price, output, and the resulting profits for each of the following scenarios:
a. You charge the same unit price to all consumers.
b. You engage in first-degree price discrimination.
c. You engage in two-part pricing.
d. You engage in block pricing.
The type of planning conducted on a long-range basis by top managers is usually called
(Comparative statics analysis in the Cournot Model) Assume two firms produce the same homogeneous good, facing the inverse demand function P(q1+q2) = k−q1−q2, where k > 1 is a positive constant, q1 is the quantity produced by firm 1 and q2 is the qua..
In Winona, a gallon of gasoline at Kwik trip sells for $2.279. In the east end of Rochester, Kwik trip sells gasoline for $2.179 per gallon. Using demand and supply curves, explain the price differential between the two ends of Rochester. Is this d..
Economists have explained why tax rebates have failed to boost consumption spending. One reason for this failure is that many people who received the rebates used them to pay off debts instead of spending funds on goods and services. Why households t..
Assume that the country initially has no restrictions on trade also then imposes an import quota
A study of the relationship between age and various visual functions (such as acuity and depth perception) reported the following observations on area of scleral lamina (mm2) from human optic nerve heads ( Morphometry of Nerve Fiber Bundle Pores in t..
If the returns of the risky portfolio are normally distributed, what is the probability of returns being less than 29%.
A building is priced at $100,000. If a down payment of $30,000 is made, what would be the monthly payment to pay off the loan in 36 months? Interest is charged at a rate of 5%, compounded monthly.
Multi part question what strategy was developed by Henry Ford to compete in car industry and in what ways did changes in the competitive environment of car industry affect GM strategy in 1980s?
Analyze and evaluate the impact of public policy on economic growth from an ethical and global position. Be sure to be specific as to which ethical posture you are taking. See this website for information on ethical postures.
the congressional research service estimates that at least $45 million of counterfeit u.s. $100 notes produced by the north Korean government are in circulation. Explain why do U.S. taxpayers lose because of north Korea's counterfeiting.
Suppose that the current exchange rate is 200 yen per dollar, the U.S. interest rate is 6%, the Japanese interest rate is 4%, and there is no risk premium. What do you expect the exchange rate to be a year from now?
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