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Assume a company wants to 3rd degree price discriminate. The firm knows that one consumer subgroup's (Group 1) price elasticity is -6.4. The other group's (Group 2) price elasticity equals -2.0. Marginal production cost is $2.90 and there is no fixed cost. The firm charges $10 to group 1. What should it charge for group 2
100 identical customers, each with relevant demand function Q = 20- P (where Q is the hours per week and P is the per-hour fee). Assuming you priced membership consistent with consumer surplus, if fixed costs = $1,000 and variable costs = $0, how muc..
Describe: 1) the process a firm should use in determining whether a particular production method should/should not be used AND 2) a factor or circumstance that could change the choice of production methods.
After a certain point, the more hours you spend studying economics per day, the less you will learn with each added hour
Economic Colleagues, first, pick one of the following: explain two effects of an open economy on monetary and fiscal policy, or evaluate the role banks play in world financial markets. Describe two problems with banks as international lenders ..
Based on the data provided, what is the opportunity cost of producing pastries and sandwiches in Northland? What is the opportunity cost of producing pastries and sandwiches in West Coast?
What was the level of inflation during the time period relative to the history of inflation in the United States? What were the driving factors behind this trend?
your company bright paints is one of a dozen companies manufacturing a special reflective paint used for traffic signs.
what criteria do you recommended to determine the credibility of a source of information?develop a list of no less than
free trade is best defined as a system in which goods capital and labor flow freely between nations without barriers
Currently, the economy is in equilibrium at Q = 3200 (where Q = potential GDP) and P = 100. You can use monetary and fiscal policies to affect aggregate demand but you cannot affect aggregate supply in the short run.
a buyer for a large department store chain must place orders with an athletic shoe manufacturer six months prior to the
q1. suppose that individual demand for a product is given by qd 1000 - 5p. marginal revenue is mr200 - 0.4q and
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