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Two ice-cream stands are deciding where to set up along a 1-mile beach. The people are uniformly located along the beach, and each person sitting on the beach buys exactly 1 ice-cream cone per day from the nearest stand. Each ice-cream seller wants the maximum number of customers. Where along the beach will the two stands locate? What type of economic outcome does this remind you of?
Allied Electrons must purchase a new automatic soldering machine to meet increased demand for its electronic goods.
Illustrate would be its profit-maximizing cost if the company were to build the bridge.
Using appropriate diagrams and notations,carefully explain the relationship b/n elasticity, total revenue and marginal revenue. 2,discuss the uses of elasticity of demand.
Suppose the firms compete in quantities. If firm 1 deviates from collusion in one period, what is the profit of firm 1 in that period in subsequent periods.
Why do governments raise taxes on cigarettes and alcohol to raise government revenues? What changes do you make to your demand for gasoline when the prices start to climb up? Would you want to own a business that sells price-elastic products or price..
Illustrate what are the main differences between Lenin's theory of how to bring about socialism and that of Bernstein's
If you receive a request for proposal (RFP) on a project for four units, illustrate what is your break-even price.
Suppose robotic technology improves the results of abdominal surgery - less time to perform the surgery, faster recovery times, and fewer mistakes. What is the impact on the market for abdominal surgery usin this new technology?
Find out the equation for the linear supply curve which fits this information. What would the new equilibrium price and quantity be if supply were to increase by 20%.
Fit three possible statistical cost functions to the data. Use straight-line, quadratic, and cubic formulas. Discuss the statistical results you obtained in question 1. Include in your discussion R2 , the coefficients, and the statistical significanc..
The _____ statement can contain both a review of the evidence and an attack of the other side’s case.
Illustrate what is the gain in consumer's surplus for ABC fan that can get these sweaters at Target instead of at the ABC.
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