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Question: What are the approaches that can be used to determine the level of output in profit maximization in the short run?
Microeconomics, Economics
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Question: A French monopoly sells its good in France where the elasticity of demand is -2.5 , and in Germany where the elasticity of demand is -1.5. Its marginal cost is $ 30 . At what price does the monopoly sell its go ...
Question: i. Jim has a used car that is worth between 0 and 2000 pounds (an equal chance of each price in between). Doug is thinking of buying the car and knows it is worth 35% more to him than to Jim. Doug can make a ta ...
Question: Course Project: Online Technology Conference The final project is a presentation for an imaginary technology conference called in order to evaluate the impact of technology on culture. Students will pose questi ...
Question: Between 1992 and 2002, the University of California's stock market holdings underperformed market averages by $2.3 billion. Officials pointed out that the loss was unimportant because they actually grew by $20 ...
Question: Standard economic theory examines competition as the number of firms within the market. What was Hayek's contention with this view in The Meaning of Competition? Instead, what did Hayek say was the better way t ...
Question: Most restaurant customers tip according to a percentage rule-between 15 and 25 percent of the bill. Diners who have dinner and a $20 bottle of wine usually pay the same percentage of the bottle price as diners ...
Question: As advances in technology make the self-registration of guests more easily achievable, some hotel companies have moved aggressively tom implement such technologies. Those who have not done so , however, point o ...
Question: You wish to analyze the pedestrian traffic that passes a given store in a major shopping center. You are interested in determining how many shoppers pass this store, and you would like to classify these shopper ...
Question - Lolita, an intelligent and charming Holstein cow, consumes only two goods, cow feed (made of ground corn and oats) and hay. Her preferences are represented by the utility function U(x, y) = x - x2/2+y, where x ...
Question: According to legislation as of late 2002, the death tax (estate tax) is supposed to be fully phased out by the year 2010, but then reinstated at a maximum 55% rate in 2011. In terms of the LCH, how would these ...
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