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If the prevailing market price is $17 per unit, how many units will be produced and sold? What are profits per unit? What are total profits.
What interpretation would you give to the exponent of N? Increase in 1% in population of 12 year old will increase the demand of the general cereal's product by 3.70%.
Why was one policy successful but not the other? In your opinion, could all LDCs possibly thrive had they followed the successful strategy between the two? Why or why not?
What set of circumstances will tend to cause an individual to choose not to participate in the labor force? What generalizations can you formulate on the basis of?
Now suppose the theater increases the number of its ads to 250. Should the theater increase its price following this ad campaign? Explain
Why might the time frame for the "short run" differ from one industry to the next? Provide examples of two industries with different time frames for the short run. Explain why this is the case.
A lot of rules in Economics are based off of having perfect competition. What is this? What does it mean to have an imperfectly competitive market? Explain with examples.
What would you expect would be the degree of price competition between the two firms? Considering political disposition as an axis of product differentiation, does vertical or horizontal differentia
greater wage losses than those in the 25 - 34 age range. How can a compensation scheme designed to enhance worker motivation lead to this result?
What factors determine the intensity of rivalry in an industry? Is the intensity of rivalry in the PC industry high or low? Why?
As a result sales of TV Plasmas increased from 30 units a month to 42 units a month. Calculate the price elasticity of demand for TV Plasmas. How could we classify the demand for TV Plasmas?
Calculate the profit maximizing price per unit if PRICE MART has an average wholesale cost of $350 and incurs marginal selling cost of $100 per unit.
Assume that the demand for plastic surgery is price inelastic. Are the following statements true or false? Explain you answers in every case.
What may be the benefit or danger connected with your decision to respond to the change in events and how you could decrease the "danger" and increase the "benefit?"
Estimated to be best described as fitting the equation O = 100 - 2P where P is the monthly rental price and Q is the number of lockers rented per month. How many lockers would you rent monthly at th
The long-run average cost curve for a firm in an industry is: In the long-run equilibrium, how much will each firm produce?
Determine the equilibrium price and quantity for bottled water in this market. Explain what will happen in the market if price equals $4.00. What will happen if price equals $2.00?
Does the home country "gain" or "lose" because of the imposition of the tariff? What is the dollar value of the gain or loss?
Advertising of $200,and total installation cost of $320on the freezers sold. instructions,a.compute the inventory value of the units unsold in the hands of the consignee.
How would you conclusion change for the winter months, if bad weather makes it likely for traffic jams on the highway to increase to 6 days per month?
GDP is a good overall measure, but there are many things it does not account for, like the quality of the environment, happiness, black markets, product quality, and many others.
Would higher or lower rates increase the incomes of agents? Explain, distinguishing between the short run and the long run. Please provide essay 250 words minimum.
How much substitutability do you suppose exists between inputs in winemaking? How might this factor affect efforts to cut costs?
Show the effects of the subsidy on a graph. Assuming that all buyers received the credit, estimate the own price elasticity of demand and own price elasticity of supply