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A small business which produces plastic vacuum-suction covers for round household dishes has a monopoly that is protected by a utility patent. The market demand curve for this product is estimated to be: Q = 6009 %u2013 25P where Q is the number of plate covers per year and P is in dollars. Cost estimation processes have determined that the firm%u2019s cost function is represented by TC = 120 + 2500Q -0.25*Q2.
Describe why it would cost Andre Agassi or Venus Williams more to leave professional tennis tour and open the tennis shop than it would for the coach of the univeristy tennis team to do so.
jim sees commuting by bus and t as perfect substitutes u t b that is he would exchange one commute by bus for one
Tom works a 12 day. 6 hours are no incentive and the rate is $20 per hour. He also completes 16 tasks that are incentive based and rate is $15 per hour. How much did Tom make in his 12 hour shift what is his combined hourly wage?
consumers typically pay a higher real interest rate to borrow than they receive when they lend by making bank
The price of oranges has risen dramatically. Which of the following is likely to happen?
The wage paid to engineers is $4000, while technicians, who are not as skilled as engineers, receive $2000. The firm's budget on a particular project is $28,000. How many engineers and how many technicians should be hired in order to maximize p..
An incumbent usually charges a higher price than a new entrant does. Which of the following is a plausible reason for this observation?
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Calculate the marginal revenue product given this information and how many real estate agents will the manger hire if the wage rate is $32,000? Why?
All of the following are institutional features that make a central bank independent, except when:
Analyze funding opportunities for small businesses, including the role of the Small Business Administration (SBA). Then, evaluate the effectiveness of these funding opportunities in light of the current economy. 250 words in APA style.
as prices increase should health economists advocate giving something up opportunity coststrade-offs? as the quantity
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