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Suppose the marginal cost in the worked out problem below is MC= 1 + 0.01Q, where Q is the total number of tickets sold (equal to the sum of student tickets and other adult tickets). How would the answer to the problem change? What will happen to the student price under price discrimination if the demand of other adults increases to= 1,800 - 100P? Why?
now suppose that tastes in art change, and art collectors decide that mona lisa is not such a great painting after all. draw a new diagram showing the effect of this change in tastes on the market for the mona lisa.
How do they affect the economy in terms of growth, labor force, and price of labor
1) An important reason why economies at an early stage of development tend to operate inefficiently is a) they tend to be dominated by the agricultural sector, where productivity is usually low. b) they tend to have authoritarian governments that sti..
Monetary policy affects aggregate demand through changes in: - The demand for money is higher in Japan than in the United States because:
Impliment the formula to earnings rather than operating income also use a required return for equity of 9 percent.
A friend convinces you that he has a great idea for a business, and the two of you incorporate. You supply him with funds and let him make all the executive decisions. Under the agreement you hold 30% of the firms stock and your friend holds 70%
the aggregate supply also demand or how this relates. If you could help with this section I could probably write a decent paper.
Develop the ability to understand how economy-wide or regional economic forces affect decisions of senior business managementofficials in the private sector.
If a representative firm with long-run total cost given by TC = 50+2q+2q^2 operates in a competitive industry where the short-run market demand and supply curves are given by Qd = 1,410 - 40P and Qs = -390 +20P, its long-run profit maximizing leve..
Prove that a diminishing marginal rate of substitution either implies nor is implied by diminishing marginal utility.
How might the bankruptcy of General Motors and Chrysler--and the government response--damage the efficiency of the U.S. economy?
Use an aggregate supply-and-demand diagram to show that multiplier effects are smaller when the aggregate supply curve is steeper. Which case gives rise to more inflation—the steep aggregate supply curve or the flat one?
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