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Demand formula is given as P=150-3Q, and we only have 40 tickets to sell and that the MC=0 and we suppose to figured out how many tickets to sell to maximize total welfare.
Business Economics, Economics
Why does a government undertakes expansionary fiscal policy? What are the problems of undertaking expansionary fiscal policy? When is fiscal policy more appropriate than monetary policy?
How do bribery and corruption influence the economy negatively? Answer and explain three major impacts.
When we look at the ease to enter the different market structure, there is no doubt that 'monopoly' is the hardest. Why? -- There is only ONE firm that has established 'economies of scale' with the production of their go ...
Assume that 20% of people in a certain region have a long drive to work (a long drive is considered to be longer than 30 miles). If we select 13 people at random, what is the probability that 2 or fewer will have a long ...
Not sure where I'm going wrong on this one. Any help is appreciated. The following information relates to RAM Corporation: Accounts receivable $160,000 Total credit sales $2,500 ...
Your environmental science professor designs an experiment to see whether students in her class care about recycling. She places a recycling bin and a trash bin at the front of the class and then hands out a piece of pap ...
Suppose a bond with no expiration date has a face value of $10,000 and annually pays a fixed amount of interest of $900. a. In the table provided below, calculate and enter either the interest rate that the bond would yi ...
How could advertising be a barrier to entry? Could advertising reduce barriers to entry for a new product? Presumably drug companies are trying to differentiate their products from the competition. Will consumers be bett ...
Data collected in the imaginary economy of petubia reveals that when the price of hizzle increased by 25%, the quantity of hizzle decreased by 10%, and the quantity of vort demanded increased by 30%. What is the cross-pr ...
The time to complete 1 construction project for company A is exponentially distributed with a mean of 1 year. Therefore: (a) What is the probability that a project will be finished in one and half years? (b) What is the ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
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