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Your pharmacy provides services to Medicare and PPO patients. You estimate a price elasticity of demand of -2.2 for Medicare patients and -5.3 for PPO patients. Your marginal and average cost for dispensing a prescription is $2. What is the profit-maximizing dispensing fee for Medicare and PPO patients? Why might the price elasticities of demand differ?
Suppose that a firm's only variable input is labour. When 50 workers are used, average product of labour is 50 and marginal product of labour is 75. Wage rate is $80 and total cost of fixed input is $500. Illustrate what is average variable cost. ..
Read the instructions in the University of Phoenix Material: Differentiating Between Market Structures located on the student website and select one option to complete the assignment.
disregard the portion of the supply curve that corresponds to prices where there is no output.
the bursting of the housing bubble and the panic of 2008 caused both businesses and households to cut back on their
Explain how effects of rent control are very noticeable to the public in the short run, because the primary effects of rent control occur very quickly.
Explain how could ABC use interest rate swaps to reduce the exposure of its cost of debt to interest rate movements.
what effect would this change have on the wages in the two markets you illustrated in part (a)? what effect would the change have on the average wages of men and women?
In light of the economic downturn, attention has been brought to companies that seem to have a monopoly on a particular market.
Capital stock at the end of the year of this economy to remain constant as the beginning of the year, how much investment is needed.
After reading Chapter 8 in the text and viewing the required video for this week, Fixed, variable, and marginal cost, address the following in your initial post: First, describe several different fixed costs and variable costs associated with operati..
Explain how labor market equilibrium is affected by the supply also demand of labor.
Equal annual withdrawals are to be made from the account, beginning 1 year from now and continuing forever. What is the maximum amount that she can withdraw at the end of each year?
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