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There are two goods in the economy beer and chicken wings. The government believe that beer is bad for you so it imposes a tax of 166% on beer. The price of one beer is 96 and the price of one order of chicken wings is 33. How many orders of chicken wings does the consumer has to give up to get 25 orders of beer? (assume that the tax on beer is taking place)
Calculate the profit maximizing price and quantity of subscriptions for the U.K. and indicate each on the appropriate graph. Do the same for the U.S.
Assume the normal production process for beet sugar uses high sulfur oil for fuel and releases two units of sulfur dioxide to the air for every ton of beet sugar manufactured.
it is observed that a walmart store driver successfully made a total of 104 trips in a given period time. during field
will all the value end up going to customers, or will companies be able to reap a share of it will the internet bolster or erode the ability of companies to gain sustainable advantages over their competitors
Ann McCutcheon is hired as a consultant to a firm producing ball bearings. This firm sells in two distinct markets, each of which is completely sealed off from the other. What price should managers charge in each market?
Find the future value one year from now of a $7,000 investment at a 3 percent annual compound interest rate. Also calculate the future value if the investment is made for two years
international trade has pros and cons.nbspeconomists generally support free trade.nbspinternational trade has played a
suppose that two players are playing the following game.nbsp player a can choose either top or bottom and player b can
The dissimilarity between dollarization and a currency board is that
If a company invents a process that saves 280,000 per year - how much can the company afford to invest if they need to earn 20% per year and they want to recover their investment over a 10 year period of time
For many corporations, a major portion of the cost of production is fixed in the short run. Should these very large fixed costs be ignored when the executives are making output and pricing decisions?
What price would Soft Rock have to charge to sell 2,000 T shirts? Compute the own price elasticity of demand when the price goes from $5 to $4.
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