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3 you plan to sell a sunglasses clip that you can attach to a car3939s sun visor you can purchase the goods from a wholesaler at 2 a piece and there
assume you are selling a product and when your price is decreased by 29 your quantity demanded increases by 55 what is your price elasticity of
1 describe why government regulation is required citing the major reasons for government involvement in a market economy2 justify the rationale for
normal 0 false false false en-in x-none x-none microsoftinternetexplorer4 1 suppose that the merger faces some threats
a collect costs revenue data or other data from the industry that you deem relevant describe how you would modify the data in order to make it
a examine at least three 3 possible areas for the industry that could lead to transaction costs and describe each in detail b speculate about the
the demand curve for gasoline is p 200 - 10qa find the elasticity of demand for a quantity of 8 does this number imply that quantity demanded is
i how do we measure economic growth and why do we need economic growthii what can governments do to stimulate economic growth and create jobs provide
1 what are the most important challenges that economists try to address2 what is the role of government in a market based economy 3 who are the
a explain the perverse incentiveb what makes the incentive perversec how could the incentive makers better the
pancakes creations is considering franchising its single brand of pancakes to stall-holders on the zandvoort beach which is 5 kilometers long
the sole producer of the anti-diarrhea drug stop supplies two retail pharmacies in an isolated village the two pharmacies compete agrave la cournot
assume the local fixed telecommunications company is a monopoly it costs the company euro2 per month to give voice messages service to a customer
consider a market with n firms occupied in bertrand competition these firms have in common dissimilar marginal costs but any number of them may also
if for a certain market the concentration ratio cr4 the combined market share of the 4 largest firms is 1 its herfindahl index is at least 025
take a monopolist with a constant average cost the higher is the elasticity of demand at the chosen monopoly price the higher is the monopolists
as long as consumers are willing to pay a positive price for a good the larger is the quantity formed the greater is the total surplus from
a bank in a medium-sized midwestern city firm x currently charges 1 per transaction at its atms to determine whether to raise price the bank managers
1 refer to the data in the file asm2q1xls on the annual number of fatalities fatals y from gas and dust explosion in coal mines for the years 1915 to
periodically merrill lynch surveys its customers to determine customer satisfaction levels they want to determine the impact of experience on the
a describe and derive the equilibrium contract offered to high risk individuals
let consider the following insurance market there are two states of the world b and g and two types of consumers h and l who have probabilities ph 05
output 0 fixed cost 100 varaible cost 40 what is the total cost and total revenue also the
indifference curves every consumption-leisure point l c in the diagram is associated with a unique level of utility the line ii represents the
the budget line the line bb gives the persons budget constraint it is described by the linear equationc wl wwhich can be rewritten asc w - wlthe