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A monopoly's demand curve is P = 200 – 3Q and its MC = $15. How many customers should this company serve? What is the price paid by each customer? What will be the company’s gross revenue in this venture?
Please show all work and explanation
Explain why calculating GDP using income approach or expenditure approach yield the same for any economy. Use the idea of circular flow to explain how expenditure approach and income approach is shown in the circular flow diagram. What are the two fl..
Elucidate which among the following is true.
Krill Electronics is looking for a new rental space for one of its manufacturing lines. The first rental space, on Park Street, requires a 2-year lease with the total cost of the lease ($88901) due at the time of signing. The rental space has annual ..
Income from recycling plastics is expected to be $2000 in Year 1 and increase by $500 a year for each of the next 5 years if you buy a sorting machine. ($2000 in Year 1, $2500 in Year 2, etc.) Draw a cash flow diagram showing your expected income in ..
Illustrate what is unusual about this market. Give an example of a good or service to might be characterized by this unusual market attribute.
Suppose the demand for a new pharmaceutical drug, on which the manufacturer has a patent monopoly, is given by: Q(P,A) = (100 – P) ·A^0.5. Calculate the profit-maximizing price, advertising expenditure, and profits for the firm.
Following an increase in Mexican prices would interest rates relative to U.S. interest rates, which caused Mexican investors to borrow abroad to invest domestically, which of the following would occur?
Your spouse complains that her 6% raise this year will not keep up with the increase in prices. In other words, she is unable to buy the same basket of goods with her 6% raise. Therefore, she believes that her
Propose how it can conclude the efficient levels of information in an organization to justify taking risk over uncertainty.
Provide examples of three types of product differentiation that could help make a firm in a particular industry more competitive. Provide an example of an industry where product development and product differentiation is an important type of competit..
Explain what elements comprise strategic-alternative bundles and why creating more than a few bundles is extraordinary difficult. Describe the six criteria that strategic-alternative bundles should meet and discuss why it is essential that good bundl..
Skyscraper City has a subway system, for which a one-way fare is $1.50. There is pressure on the mayor to reduce the fare by one-third, to $1.00. The mayor is dismayed, thinking that this will mean Skyscraper City is losing one-third of its revenue f..
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