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Suppose that a stadium can hold 60,000 people instead of 30,000. If "W" seats are allocated to Wiffle supporters, each can be sold for 20-W/2000. And if "M" seats are allocated to Masher supporters, each can be sold for 24-M/3000. What division of seats maximizes gate receipts for the larger stadium?
A profit maximizing monopolist hires workers in a perfectly competitive labor market. Employing the last worker increased the firm’s total weekly output from 110 units to 111 units and caused the firm’s weekly revenues to rise from $25,000 to $25,750..
A large induced-draft fan is needed for an upgraded industrial process. The motor to drive this fan is rated at 100 horsepower, and the motor will operate at full load for 8,760 hours per year.
find out the annual prices of oil for the past 5 years. By what percentage is the current price higher or lower than 5 years ago.
The characteristic that distinguishes a perfectly competitive market from a monopolistically competitive market is. Which of the following statements concerning market structure is not true?
Complete Blue Catering Service Inc.’s (BCS) 2013 Form 1120, Schedule D, and Schedule G (i? applicable) using the information provided below.
Find aggregate output (Y) and the rate of interest (i) in this economy. Is the government's budget balanced, in surplus or deficit? If full-employment output is 830 and the Fed increases the money supply from 150 to 160, will economy achieve equilibr..
We say that the demand for labor is a derived demand because:
What was the accounting profit for the new business. What was the economic profit or loss. Explain your calculations for both questions.
Janet Elliot just turned 20 and received a gift of $20,000 from her rich uncle. Janet plans ahead and would like to retire on her 55th birthday. She thinks she'll need about 1$million saved by that time in order maintain her modest lifestyle. assume ..
Crepe Creations is considering franchising its unique brand of crepes to stall-holders on Hermoza Beach, which is five miles long. CC estimates that on an average day there are 1,000 sunbathers evenly spread along the beach and that each sunbather wi..
We manufacturer automobiles given the production function q = 5KL where q is the number of autos assembled per eight-hour shift, K is the number of robots used on the assembly line (capital) and L is the number of workers hired per hour (labor). If w..
Explain what happens in these two markets as the number of sellers drops to only one seller. explain how part, illustrates to the first experimental principle
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