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Washtenaw Dairy in Ann Arbor, Michigan, sells 63 flavors of Strohs Mooney's ice cream, and Ben and Jerry's Web site also lists 63 different flavors of ice cream. These numbers are similar to the varieties of cell phones sold by Samsung, Nokia, and Motorola. Toyota makes only 16 varieties of vehicles and Boeing makes 16 varieties of airplanes. Why is there more variety in cell phones and ice cream than in automobiles and airplanes?
from this, equilibrium leads to 1100-5P = -100+P ⇒ P = 200 and Q = 100 Suppose the world price is still 120. Assume that the government now imposes an import quota of 300 units. Under the new quota,
Let C1x2 = 2x2 + 300x + 50 be the cost of producing x items. What is the cost of producing the 89th item? Give both the exact and approximate answers.
Define the direction of monetary policy in the US over the last 3-5 years. Describing if money supply has increased or decreased? Explain. Have interest rates increased or decreased? Explain
the demand for the bus 207 textbook qx is given by the following equationqx 100 - 5.0 px 1.5 py - 2 pz 4.7
Dublin International Corporation's marginal tax rate is 40%. It can issue 3-year bonds with a coupon rate of 8.5% and par value of $1000. The bonds can be sold now at a price of $938.90 each.
A pharmaceutical firm is marketing a patented drug it has developed (the firm therefore has monopoly rights over the drug). The demand for the drug is given by Q = 8000 8P (MR(Q) = 1000 Q 4 ), where P is the price of the drug (in cents)
develop a preliminary description of possible benefit segments
Assume the players are monopolists, but the teams are competitive in the labor market. Calculate the marginal revenue product of labor (MRPL) and find the equilibrium wage and quantity of labor.Find the equilibrium wage and quantity of labor.
Design a noninverting amplifier with a nominal gain of 4, a gain error of 0.2%, and a total resistance of 20 kΩ. Assume the op amp has a finite gain but is otherwise ideal.
Suppose we have a single-variable input production function such a Q=f(L), where L is the number of workers and Q the quantity of output per day. Workers are paid a flat salary of $200 per day.
It is estimated that .44 percent of the callers to the Customer Service department of Dell, Inc. will receive a busy signal. What is the probability that of today's 1,100 callers at least 5 received a busy signal Use the poisson approximation to t..
Compare and contrast the classical labor cost theory of comparative advantage with the neoclassical factor endowment theory of international trade. Be sure to include an analysis of both assumptions and conclusions.
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