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The demand for candy bars is given by P = 5 - 0.01Q, where P is measured in dollars and Q in candy bars.
a. How much revenue is collected at $3?
b. What is the elasticity of demand at $3?
c. At what point is revenue maximized?
d. If the supply curve is given by Q = 10P, what is the equilibrium price?
You are the manager of a firm that produces output in 2 plants. The demand function is P = 120 - 6Q where Q = Q1+Q2. MC associated with producing in 2 plants are MC1=2Q1 and MC2=4Q2. How much output should be produced in plant 1 in order to max profi..
On January 1, 2013 you bought a coupon bond for $1156. During the year, you received a coupon of $100. On January 1, 2014, you sold the bond for $1100. What was your total dollar return and the percent rate of return on this bond investment?
As an industry moves from being a monopoly to a monopolistically competitive one (due to entry of new competitors as monopoly's patents expire, for example), what happens to elasticity of demand curve facing firm.
Worker productivity is one of the most important factors that helps us determine the performance of an economy. Which of the following best describes productivity?
Economic consequences and positive accounting theory try to explain why managers care about accounting policy choices and to predict how managers will respond to changes in accounting standards. Explain the relation between economic consequences and ..
Compute an appropriate measure of association also decide how to present the results.How might this information involve the advertising approach.
If the loan interest rate is 15% (APR) compounded monthly, $150,000 is borrowed and repaid in 36 equal monthly payments. How much of the 30th payment would be interest?
Behavioral finance is a brand-new field in analyzing prices in the market. In fact, most of the explanations come from psychological observations of daily lives. Provide a real world example that is not mentioned in class to show that people prefer t..
The current market price for XYZ is $52 per share. Initial margin is 50%, maintenance margin is 35% and margin interest is 1.75% per year. You believe the stock price will increase over the next year and wish to trade exactly one round lot. What trad..
One explanation for China's rapid economic growth during the past several decades is its expansion of policies that encourage "technology transfer." Analyze this change using a Solow diagram. What happens to the economy over time? Draw a graph showin..
The capitalized cost of of an initial investment of $200,000 and annual investments of $30,000 forever at an interest rate of 10 % is closest to....Please show work
Lightweight personal locator beacons are now available to hikers that make it easier for the Forest Service’s rescue teams to locate those lost or in trouble in the wilderness. How will this affect the cost the forest service incurs?
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