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Suppose that you sell "gummies" to kindergartners. Each "pouch" costs you $2.75 to make and distribute. You know that no one will buy a pouch at $5, but if you keep lowering your price by $.25, you can keep selling another one. How many pouches will you sell to make the most profit?
Describe the characteristics of optimal contracts in principal-agent problems when the agent (manager) is risk neutral.
1) Many economists will argue that government should not be allowed or counted on to create jobs. Discuss your analysis of this type of action sometimes governments take. 2) Discuss Block's quote "Production is everything, and jobs are nothing but..
How is it that higher tax rate can increase tax revenue in some cases, but a higher tax rate can decrease tax revenue in other cases? Relate this to the price elasticity of demand. (Excise Taxes)
From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $14 million in withdrawals from other banks’ ATM machines. What would be the f..
List and explain two factors that will cause the AD to shift to the left. Why is the aggregate demand (AD) curve downward sloping? Discuss and use graphs where necessary?
When supply and demand for a product decreases simultaneously, we can
An industry consists of three firms with sales of $175,000, $555,000, and $205,000. Calculate the Herfindahl-Hirschman index (HHI). Instruction: Round to the nearest integer. Calculate the four-firm concentration ratio (C4).
The head of the accounting department at a major software manufacturer has asked you to put together a pro forma statement of the company's value under several possible growth scenarios and the assumption that the company’s many divisions will remain..
Depends on economic casebook how much does it cost to make a pair of nike shoes international.
If you were asked to design a data center for your company, what would you recommend to secure the physical security of the data center?
What makes a social science explanation different from methodological individualism? How would social scientists explain why American men wear short hair, while women wear their hair long? How would a methodological individualist explain this?
Explain how the six external forces could combine/integrate together to have more complex effects on changes in the workplace. For example, technological changes could accelerate reorganization of work. Give some real examples to illustrate the inter..
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