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1. Why is Senior Care Day Center considered monopolistic? Please give a paragraph answer.
2. Customer analytics can be used for improving retention rates. How?
3. Discuss THREE factors needed for economic growth.
4. If all other things are expected to be held constant, what would happen to product prices from an increase in tariffs on goods from China?
5. How does the monopoly rule change if it can use third-degree price discrimination? (Relate to MR for each market and MC)
Suppose for every dollar change in household wealth, consumption expenditures change by $0.05. If real household wealth declines by $45 billion, potential GDP is $120 billion, and the multiplier effect for the first year after an expenditure shock is..
Those who desire that policymakers stabilize the economy would advocate which of the following when aggregate demand is insufficient to ensure full employment?
The market interest rate increases to 10%. IN the afternoon at what price would your bond sell in the secondary market.
A worker can choose high (H) or low (L) effort. If the worker chooses high effort, she incurs a personal cost of 2. In this case, output is high with probability one. If the worker chooses low effort, she incurs a personal cost of 0. Under complete i..
What do you think the future has in store in terms of white collar crime? Are there certain kinds of white collar crime discussed in this text that you believe will increase? Are there certain kinds that you believe will decrease? What new forms or t..
Two firms are ordered by the federal government to reduce their pollution levels. Firm A’s marginal costs associated with pollution reduction are MC = 20 + 4Q. Firm B’s marginal costs associated with pollution reduction are MC = 10 + 8Q.
Gross private domestic investment = 40 Government purchases of goods and services = 30 Gross national product (GNP) = 200 Current accoimt balance = -20 Taxes = 60 Government transfer payments to the domestic private sector = 25 Interest payments from..
bank prime loan rate imports of goods amp per capita income.briefly explain why the three variables are appropriate
A boiler is being considered for a new process plant. The boiler can be fired either by natural gas, fuel oil, or coal. A decision must be made on which fuel to use. An analysis of the costs shows that the installed cost, with all controls, would be ..
Suppose that, when the average price of shoes increases by 5%, the quantity supplied of shoes increases by 8%. What is the price elasticity of supply? Is the supply of shoes elastic or inelastic?
On the left show the market for potatoes and how the competitive market price for potatoes is determined by supply and demand. 2. Now act as if you are a potato farmer in the Midwest of the United States. Assume that due to an increase in the federal..
Consider a Cobb-Douglas utility function of the type u(x,y) =x2y2. The prices of the two goods x,y are px = $2 and py=$4 consumers income is given by m=$100. find the optimal basket containing these two goods. find the demand functions for x. Must be..
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