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In a small town it has been discovered that the relationship between the number of radios demanded varies linearly with its price. When the price per radio was $15, 1000 radios were demanded; when the price was $30, 700 radios were demanded.
(a) Determine the price per radio when 500 radios were demanded,
(b) above what price will the demand be zero?
(c) Why isn t the demand infinite when the price is zero?
a monopsonic fast food chain exhibits a demand for labor given by w210-3l where w denotes the wage and l the quantity
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Compute the producer and consumer surpluses after the imposition of the tax and also the DWL.
Suppose that after the fee was imposed, the time of the average trip in central London fell from 40 minutes to 30 minutes. (Note: The travel time will not change by as much as the average speed because the average speed.
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Suppose you are the manager of a watchmaking rm operating in a competitive market. Your cost of production is given by C = 200+2q2, where q is the level of output and C is total cost. (The marginal cost of production is 4q; the xed cost is $200.)
The inventory turnover for the Lambkin Company was 8 times and its days' sales in receivables were 55. The average payables deferral period (or turnover) was 7.5. What is the cash cycle for Lambkin given a 365-day year
Assume that total output is determined by the formula: number of workers × productivity = total output (output per worker) If an economy's productivity increases by 5 percent but the number of workers declines by 3 percent a year
the industry demand function for bulk plastics is represented by the following equation: P=800 - 20Q where Q represents millions of pounds of plastic. the total cost function for the industry, exclusive of a required return on invested capital, is..
Compute the inflation rate for each year 1989 - 2006 and determine which were years of inflation. In which years did deflation occur In which years did inflation In which years did deflation occur In which years did disinflation occur
if two of the three bidders collude, what is the price?
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