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maintenance costs on a certain piece of equipment are estimated to be 500 600 700 800 and 900 at the ends of years 1 2
you serve 3000 price pay patients and 1000 hmo members fixed costs are 500000 incremental costs is 50 you currently
moral hazard consider three investment projects a b and c project a costs 10 and the return is 20 project b costs 10
1 briefly summarize hazlitts economic lesson be sure to explain all aspects and facets of ldquothe lessonrdquo2 briefly
an example of a cost externality occurs when a mining companya dumps waste in river upstream from a popular fishing
firms in monopolistic competition woulda persistently realize economic profits in both the short and long runb may
in order for price discrimination to exista markets must be capable of being separatedb markets must be interdependentc
in a zero-sum gamea the gains of one player are less than the gains of the other playerb the gains of one player are
you can sell 100 pet chias per week if they are marked at 1 each but only 40 each week if they are marked at 2chia your
the hilltop coffee company is a perfectly competitive firm producing where mr mc the current market price of a tall
globalization has depressed wages in western industrialized countries particularly those fora highly skilled workersb
mutual interdependence occurs whena all firms in an industry are affected by the same macro economic conditions such as
some estimates for the cement industry suggest the following relationship between capacity and average costcapacity
suppose you have a perfectly elastic supply curve represented by p5 and a demand curve represented by the equation p
suppose the civilian non institutionalized working age population is 359 million in laborland 44 million are working
consider the following cost relationships for a single-product firm cq 50 05q for q le 7 cq 7q for q gt 7a derive
what happens to the equilibrium price and quantity in a competitive market under following conditionsa dd shifts to the
consider the following specific factors model suppose two countries home and foreign produce two goods timber and
1what will happen in the oil market if suppliers become more optimistica oil supply will increaseb oil prices will
blending problema heating-oil distributor blends two grades of heating oil regular and non toxic from three products
by reading any business publication gives examples that illustrate one of the four principles of engineering
the price elasticity of demand for a firms product is equal to -18 the firm currently sells 4000 units per day at a
suppose customers are distributed on a one-shy--directional path eg to the east as followsa company has to deliver a
when a university bookstore prices chemistry textbook at 200 each it generally sells 120 books per month if it lowers
adverse selection a buyer wants to purchase a house from a seller let v be the quality of this house the quality v is