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Third Degree price discrimination: Assume P1=200-4Q1; P2=100-Q2 and MC=20+0.4Q. Solve for the profit maximizing outputs and prices in each market.
Suppose that a particular country currently does not allow international trade in cotton. Also, the world price of cotton is higher than the domestic price of cotton. If this country opened to international trade and allowed free trade cotton, domest..
Two methods of filling cereal boxes are being compared. Both methods fill the box with the same amount of cereal on average so the company wants to select the method with the lower variance. In a sample of 31 boxes filled using method 1, the standard..
Suppose the demand function for a mineral (exhaustible resource) is given by pt = 700 - 0.2qt: Assuming that the marginal cost of extraction is constant and equal to $200 per unit extracted, and the discount rate (r) is 0:05.
The global propylene industry is perfectly competitive and each producer has the marginal cost function MC=40-12q+q2. The corresponding average cost function is AC=40-6q+ 1/3q2 . The market demand curve for propylene is Q=2200-100P. What is the long-..
Some lenders charge an up-front fee on a loan, which is subtracted from what the borrower receives. This is typically described as "points" (where one point equals 1% of the loan amount). The federal government requires that this be accounted for in ..
And suppose, finally, that you want to combine these datasets to create a new dataset, to be named EvalPrePost.sav, containing ID and X1
Assume that the MPC=0.6 for every consumer in the economy. You have just been paid $20000 to produce a research report for the Department of Commerce. How this action by the government will affect your spending plans? What would be the total effect o..
Do you think our government should focus on the long run or the short run? Why do you feel that way?
Discuss the specific negotiation skills that President Bush utilized in his one-way negotiation session with Saddam Hussein that he addressed in front
Identify what type of unemployment each of the individuals below is facing by dragging and dropping the appropriate term into the bins provided. Use "structural unemployment’s, cyclical unemployment, and frictional unemployment." 2 are cyclical, 1 is..
(1) The Bureau of labor statistics reported the following data for December 2000
A company named Highway Data has been given a contract to install highway information signs along a 500 mile portion of interstate 555. The signs will be placed at the end of each 10 mile section. The signs cost $138 each. Data fiber optic cable comm..
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