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Question 1: If Wet-n-Wild Indoor Water Park charges one price to all visitors, what is the profit maximizing price? How many day-passes will be sold per day?
To what extent, if any, are you able to change your quantity demanded for gasoline as the price goes up and down?
How many passengers should American seek to carry on each flight to maximize (i) its revenues? (ii) its profits?
a. What is the effective demand curve facing Big Steel? b. What is price should Big Steel set to maximize its profits?
You are in Management for IBX Steel Components. J. D. Brotsky is a top labor leader and has just announced that her union will go on strike against management unless you grant the workers a signific
The associated marginal cost is MC=4+4Q, and the point of minimum average cost is Qmin=5. Problem 1: Determine the firm`s profit-maximizing level of output. Compute its profit.
Task: Tasmania is a small region. Suppose the following equations characterize Tasmania's demand (Qd) and supply (Qs) for sugar:
A perfectly competitive firm has the following fixed and variable costs in the short run. The market price for the firm's product is $140.
Question 1: Do the firms in an oligopoly act independently or interdependently? Explain your answer.
Assignment: Briefly list and elaborate on the factors that will be affecting the demand for the following products in the next several years. Do you think these factors will cause the demand to incr
Question 1. What is the arc price elasticity for this product? Show work with results Question 2. What do you recommend for the price of this product; stay at $700 or change higher or lower?&nbs
Problem 1: How would you know demand has increased? (What is the first piece of information which would lead you to conclude that demand has increased?) Problem 2: What is the first thing you would
Short and Long-term costs business comparisons. Select directly comparison business concepts and generally discuss the FC, VC, break-even quantities, economies of scale and diseconomies of scale for
Given these characteristics, describe the effect of each of the following on the demand or supply for gasoline. Further indicate the likely direction in the amount of gasoline exchanged the resultan
Currently, butter costs $1.50/lb, flour costs 25¢/lb, sugar costs 50¢/lb and salt costs 80¢/lb (or 5¢ per ounce). Which input demand is most elastic, and which is least elastic?
The FCC blocked the merger of Sirius and XM radio for a couple years while they both bleed red. Finally, they approved them to become a monopoly. Still, XM/Sirius doesn't have that much pricing powe
If a representative firm with total cost given by TC = 20 + 20q + 5q2 operates in a competitive industry where the short-run market demand and supply curves are given by QD = 1,400 - 40P and QS = -40
The United States is known for its consummate "risk-takers". Research the concept of "calculated risk" at this web site Question 1: Describe an example of risk calculation found on the web.
For each of the following changes, show/describe the effect on the DEMAND CURVE and state what will happen to market equilibrium price and quantity (in the short run).
Demand for the services of Derek Jeter is? a) horizontal. b) unrelated to his true productivity. c) an output demand. d) derived from the demand for Yankee's tickets when Jeter plays.
What can the company do to improve its overall compensation, benefits and professional development practices to enhance the staff's overall effectiveness in meeting the mission and needs of the comp
What are some the types of incentives for providers for efficiency in the delivery of healthcare services. Explain who bears the financial risk, the provider, the patient, or the managed care organi
What does this decision by Wal-mart tell you about the price elasticity of the demand curve that it faces?
What key economic concepts underlie the use of discount coupons by businesses?
A hypothetical study examines the operations of a couple of hundreds medical clinics, with the data for the amount of expenses for new medical equipment relative to the total expenses in a particula