Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Jiajian sells glass handcrafted upcycled glass necklaces at a craft fair on the weekends, and has a monopoly. When Jiajian prices the necklaces at $100 each, 5 necklaces sell each weekend. When Jiajian prices the necklaces at $75, he sells 6 necklaces.
A) What is Jiajian’s total revenue when he chooses to sell 5 necklaces (by pricing at $100)?
B) What is Jiajian’s total revenue when he chooses to sell 6 necklaces (by pricing at $75)?
C) What is the marginal revenue Jiajian receives from deciding to sell a 6th necklace?
D) The 6th necklace sells for a price of $75. Why is the marginal revenue from selling a 6th necklace so much lower than $75?
Which of the following options (alone or in combination) would you recommend that the Congress and the President pursue to reduce our projected Federal deficits and debt and why. Dramatically cut military spending. Raise taxes significantly on the we..
Since 2009, the federal reserve has been unable to stimulate the US economy sufficiently enough to generate 3-5% annual growth in GDP, despite being short-term interest rates at zero and instituting a massive quanta give easing program. why has monet..
Emotional branding is becoming an important way to connect with customers and create differentiation from competitors. How can companies create emotional branding to position their brands? What are some examples of companies (other than from the text..
At an urban college where most students commute to classes, there are 8,000 parking spaces for students. All students pay $150 a semester for a pass that allows them to park in any one of those 8,000 spaces. Illustrate the parking situation for these..
Extensive margin models use Rogerson (1988) style lotteries in order to simplify the savings problem under non-full-insurance.
Understanding the importance of demographics is a key to marketing success. Baby boomers, Gen X, Gen Y a, Milleanials and seniors are all indifferent stages in life and have different wants and needs. Some products are specifically targeted t demogra..
Assume company X deposits 100,000 in cash in Commercial Bank A. If no excess reserves exist at the time this deposit is made and the reserve ratio is 20%, Bank A, by itself, can initially increase the money supply by a maximum of?
Define the key aspects of “Western Civilization” and discuss the different ways historians might understand the term. How “west” is the West, for example? What are the most important changes, in your opinion, that Western Civilization brought to huma..
Personal injury lawyers may be paid a contingency fee equal to a percentage of the amount awarded. The lawyer receives payment only if his or her client wins the case and is awarded a sum of money. Lawyers in other types of cases are often paid on an..
By specializing in the production of one good, a company is able to benefit from economies of scale which increases its revenue. Which of the following is an attribute of specialization?
Consider a large country importing good X in the international market. The country is large enough to influence the international price for good X. Let the initial international price of good X be $100, where the country imports 100 units and produce..
Based only on the expected change in the relative supply of low-skilled labor in the U.S., do you expect that an increase in immigration of low skilled workers from Mexico to the U.S. will increase, decrease or have no eect on wage inequality in the ..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd