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The Campus Crustacean Company receives $3,200.00 for its crawfish from selling 1,600 boxes to maximize its profits. What is the total profit of crawfish at this equilibrium level of output if Total Variable Costs are $1,600.00 and Total Fixed Costs are $1,200?
Your firm must decide whether or not to introduce a new product. If you do so, then your rival may clone it and start producing a product that is very similar to yours. The one-time cost of developing the product for you is $100 million, the one-ti..
What particular challenges did women encounter during the Gilded Age (roughly 1880-1920)? If you were a working woman in 1912, and you could have voted (although in most states you could not) which candidate from the election of 1912 (Taft,Debs) do y..
Suppose we have a game G with an epistemic background such that (1) every player has beliefs consistent with knowledge, (2) every player is rational and (3) every player knows the type of every other player. Then such a game has a Nash Equilibrium.
The government imposes an excise tax on the sale of all toothbrushes. Before the tax, 2 million toothbrushes were sold every year at a price of $1.50. After the tax is imposed, 2 million toothbrushes are sold every year; consumers pay $2 per toothbru..
q. 1. what is the base year used to calculate the official consumer price index?2. what was the consumer price index in
How does monopolistic competition differ from pure competition in its basic characteristics? How does it differ from pure monopoly? Explain fully what product differentiation may involve. Explain how the entry of firms into its industry affects the d..
Economic history since the industrial revolution [in the United States] strongly suggests that technical learning, not the process of perfect competition, drives growth over time” explain why perfect competition is not conducive to innovation, i.e., ..
Elucidate the effect of capital formation by compering the production possibility curve,at the present time and ten years in future, for two economies,one with a high and the other with a low rate of capital formation
Why might leasing a new Porsche be good investment for an aspiring Hollywood film producer, even though, he can't easily afford the monthly payments.
One of the principles of social psychology holds that people's actual behaviors within a cultural context sometimes vary significantly from their knowledge of that culture.
The Second Industrial Revolution (ca. 1865 – 1920) brought with it tremendous economic growth and intense social change. Explain what those new conditions were like and how they emerged in this period of intense industrialization, citing examples fro..
Revnol, a manufacturer of cosmetics, prices its popular pink lipstick at $8. On the basis of test-marketing, Revnol believes that women between the ages of 18 and 20 have an own-price elasticity of −1.5 and that 60 percent of them are likely to purch..
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