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Input cost increases have caused the industry supply curve for golf balls to shift. The equilibrium quantity changed, but the price did not. Can you say anything about the elasticity of either the demand or supply curves from observing these effects? Will consumer expendi- tures on golf balls increase or decrease? Explain.
1.Should regulators of utilities that have been privatised into several separate companies allow?
1.Do behavioral theories of the firm allow us to make any predictions about firms prices and output?
Assume that a stock price has an expected return of 16% per year and a volatility of 30% per year. When the stock price at the end of a certain day is $50,
Assume the production function is given by Q = 4K + 8L. Determine the average product of capital when 10 units of capital and 5 units of labor are employed?
A case study states that the concession stand accounts for well over half the profits at most theaters. Determine, what are the benefits of staggered movie times allowed through multiple screens?
There is only one possible plant size for this operation; thus SRMC = LRMC = 4Q in this problem. Derive and graph the firm's short-run and long-run supply curves (on separate graphs).
Electric power was out in houses for days. The demand for power generators increased dramatically. Define marginal revenue. Explain why marginal revenue is less than price when demand curves slope downward.
From the second e-Activity, assess the marketing and pricing strategies, for example rebates, to determine the goal(s) of the marketing and pricing strategies for one of the companies you researched
1. If the government reduces the size of its public-sector net cash requirement, why might the money supply nevertheless increase more rapidly?
You work for a division of a textbook publisher that manages the company's economics textbooks. Senior managers have instructed you to find a way to reduce your division's total cost by 30 percent.
Assume that the manager of a company operating in competitive market has estimated the company's average variable cost function to be AVC=4000-5Q+0.002Q^2
How large of a tax-induced value raise would it take to decrease cigarette consumption by 20%? And Find the factors responsible for difference in elasticity.
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