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You are the manager of a hamburger joint with a marginal cost of $6.00 per hamburger. The hamburger joint is a local monopoly near campus. During the day, only students eat at the joint while in the evening only the faculty members eat there. If students have an elasticity of demand for hamburger of -4 and the faculty has an elasticity of demand of -3, what should your pricing strategy be to maximize profits?
Suppose price of widgets is $10. How many widgets does each firm produce. How much profit does each firm earn. Is industry in long-run equilibrium? How do you know.
The university is seeking a grant to cover capital costs. How big of a grant would make this project worthwhile (to the university).
Among their many functions, financial institutions. In an interest rate swap, the size of payments swapped is determined by. Under the efficient markets hypthesis: Suppose I am given a choice between $8800 today or $10,000 in 3 years. If I choose to..
Now she wants to pay off the remaining installments in one lump sum (at the end of 12 months). How much does she owe the furniture store?
q. assume labor supply is given by w102ls where w denotes the wage. labor demand is given by w 100-ld.a compute
How would I find out by how much the price of water needs to be raised to reduce demand by 40% if the price of elasticity is 2.0.
In equilibrium, approx what is the firm's total cost and total revenue. Illustrate what is the firm's economic profit or loss in equilibrium.
q. discuss the overall effectiveness of the organ procurement system in the united states. what are its strengths and
Hannah and Sam run Moretown Makeovers, a home remodeling business. The number of square feet they can remodel in a week is described by the Cobb-Douglas production function. Q=F (L,K) Q=10L0.5K0.5 where L is their number of workers andKis units of ca..
Elucidate how they will help to improve the GDP as a tool for measuring the well-being of a nation.
Suppose the employees of Starbucks in China are paid 8 Yuan per hour and a cup of coffee is priced at 8 Yuan. If Starbucks is maximising its profit, a what is the value of marginal product of labour (VMPL) per hour of the last worker employed by Star..
What is the smallest acceptable annual income from a project which has a $84,127 investment cost and a $71,552 salvage value is the life is 15 years and the MARR is 15%?
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