Question: A monopolist faces the following information: The market demand: Q=300-2P The cost Structure: TC=100+50Q a) what is the profit-maximizing price-output combination and what are the levels of profits and consumer ...
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Question - Explain why it is important to evaluate the overall performance of the firm's sales force and list the advantages and disadvantages of sales, cost, and profit analyses. Also, discuss the use of ROI in measurin ...
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Question: Good X is produced in a perfectly competitive market using a single input, Y, which is itself also supplied by a perfectly competitive industry. If the government imposes a price ceiling on Y, what happens to t ...
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Question: The United States of America's national minimum wage is currently at $7.25 per hour for most occupations in the private sector. Over the past several years, support for an increase in the minimum wage has come ...
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Question: Watch the following video clip, A big lift in consumer confidence but how much is showing through on the shop floor and answer the following questions. What has been some of the macroeconomic impacts on Harvey ...
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Question: Assume a Nissan dealer in the U.S. bought 30 Maximas directly from Japan at a cost of $20,000 per car in the fall of 2002. By December 31, 2002, the dealer had sold 10 of these cars for $27,000 each. The remain ...
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Question: Suppose that there is a natural disaster that destroys part of the nation's capital stock. A) Determine the effects on aggregate output, consumption, employment, and the real wage, with reference to income and ...
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Question - A firm has two variable factors and a production function, f(x 1 , x 2 ) = x 1 ½ x 2 ¼ . The price of its output is 4. Factor 1 receives a wage of w 1 and factor 2 receives a wage of w 2 . (a) Write an equatio ...
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Question - In a small town, there is an extremely talented baker. In a competitive market with other bakers, he faces a private marginal benefit (demand) curve of 200-Q. The marginal cost curve for producing the bread is ...
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Question - Suppose that die number of garden benches produced by 0, 1, 2, 3, and 4 workers is 0, 39, 78, 99, and 108. Calculate the marginal and average products of labor that would have resulted. Check that the relation ...
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