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A firm has $1,700,000 in sales, a Lerner index of 0.56, and a marginal cost of $50, and competes against 800 other firms in its relevant market. Instruction: Round your answers to 2 decimal places. a. What price does this firm charge its customers?
i firms often face the problem of allocating an input in fixed supply among different products. nbspfind the optimal
Firms hurt by lower priced imports typically argue that restricting trade will save U.S. jobs. What's a wrong with this argument? Are there ever any reasons to support such trade restrictions?
q.two alternative designs are under consideration for a tapered fastening pin. the fastening pins are sold for 0.70
Explain what is meant by "first-mover" advantage and how each of these firms was able to control a relatively large share of their respective markets.
The European Central Bank (ECB) has been known for setting strict inflation targets (in other words, the monetary policy has been oriented towards maintain price stability).
If the market price of suits is constant, illustrate what is the shutdown level of output. What is the minimum price the firm can accept.
Edmund has the utility function U(x, y) = 2xy + 1. The prices of x and y are both $1 and Edmund has an income of $20. How much of each good will he demand? A tax is placed on x so that it now costs Edmund $2 while his income and the price of y stay t..
Assume the firm is operating in a high-wage country, where capital cost is $100 per unit per day and labor cost is $80 per worker per day. For each level of output, elucidate which technology is cheapest.
Southwestern Moving and Storage (SMS) buy a large-capacity trailer truck for $115,000 to provide short-haul earth moving services. SMS is planning selling the truck in seven years for a price of $45,000. Construct the cash flow diagram. Calculate the..
Suppose that demand is given by the equation: Using the midpoint formula, calculate the elasticity for demand when the price changes from $49 to $51. Would you classify the elasticity you calculated as elastic, inelastic, or unit elastic?
Compare your answers to part d of problem 2 with those of part a of this problem also elucidate why they are different
Design an alternative author-compensation scheme under which the author and the publisher would pick the same price.
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