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At the end of six years, company can sell capital used to make kitchen fixtures for $50,000. If interest rate on money available to Ampex is 11% per year, should it invest in kitchen fixtures?
If the threat is not credible, what changes in payoff matrix would be essential to make threat credible?
Megan lives on east side of Welch and Amanda resides on west side of north-south street. Diagram the appropriate payoff matrix.
What is meant by limit pricing? (a) Assume the firm produces product at the constant marginal cost equal to $1. Assume elasticity of demand is -3.
Each 500 megawatt power plant the firm owns burns about 1.4 million tons of coal per year. They have asked you whether this is a good idea. Explain what do you say?
At last, assume type 1 buyers have the price elasticity of demand equal to -2, while type 2 buyers have elasticity equal to -1.25. What price will you charge each type of buyer?
What assumptions can you make about how airlines' adjusted their prices during recession and why did changes lead to these different outcomes in number of passengers?
Explain graphically what happened in market due to recession and to slow recovery and briefly explain the graph.
Suppose that American Airlines was ready to temporarily bear negative profits in the markets to enter them, represent graphically this attempt by using suitable non-collusive oligopoly model.
Competitors did not follow increase. Which non-collusive oligopoly model can better explain what happened?
Would consumers benefit more from the tariff or quota on imports? What is each country's opportunity cost of producing gloves and hats?
Explain the economic outcome of the single-price monopoly in terms of profit. Give one (1) supporting fact to support the response.
While if two firms enter it would increase elasticity of demand to -6. What do you suggest that firm do to deter entry? Discuss briefly.
Assume the firm produces electricity by burning coal. Currently it purchases central Appalachia 12,500 BTU per ton coal at market price of $52 per ton.
At last assume type 1 buyers have price elasticity of demand equal to -2, while type 2 buyers have elasticity equal to -1.25. What price will you charge each type of buyer?
What can we infer about characteristics of demand for flights given that this market was so significantly affected by variations in customers' income?
Explain economic outcome of this single-price monopoly in terms of profit. Give one (1) supporting fact to support the response.
Find the marginal cost per unit for first 50 units? What about for units 51 and higher? For each of first 50 units, does MR exceed MC? What about for units 51 and higher?
Explain assumptions that underline classical and administrative decision making models. Explain ways managers use boundary-spanning roles and why they use them.
You should give up the full-time job, which paid $50,000 per year. Show what demand curve would look like for price between $25 and $35.
You are the manager in perfectly competitive market. What level of output must you produce in short run?
The cost functions for two plants are. Find the marginal revenue and marginal cost functions?
Compare and explain realism, orthodox liberal and interventionist liberal perspective. Give empirical support and against each perspective.
Explain advantages and/or disadvantages of distributing marketable pesticide permits to each farm operating in watershed equal to 40% of its current level of use of that pesticide.