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She currently spends $200 per week on car services. Draw the indifference mapping and budget constraint for this situation.
Total costs equal 60Q (MC = $60/unit) for each firm. For each firm determine the equilibrium price, output, and profit for the following models: Stackelberg Duopolists.
Explore price discrimination and provide an example of how it is used. What are any constraints that may limit the ability of firms from using these techniques?
In the long run, a price increase from $1 to $2 has an elasticity of supply of 1.50. Apply the midpoints approach to the elasticity of supply.
What was Morita drawing and what did he know about costing that the chain store representative was overlooking? Be sure to describe or chart the shape of Morita's costing sketch in your answer.
What do you expect to happen to industry output and costs per subscriber if the number of cellular providers were reduced (assume the finding is true)?Why
Phillips's total cost function for the manufacturers of this product is. What are Phillips's total profits if the firm is effectively able to charge different prices in the two markets?
Calculate the sample variance. Test at the 10% significance level the null hypothesis that the population variance for daily output does not exceed 525.
Test at the 5% level against a two-sided alternative the null hypothesis that the population proportions of music industry management and professional golf management majors who rate a sense of humo
Is there sufficient evidence at the 5% significance level to conclude that Brand B machines have a lower variance in quality?
Two firms compete for consumers who have aggregate demand x=100-2P. Using Cournot quantity competion, illustrate both firms' best response functions.
Madonna is spending $300 per week on eyeliner. Her price elasticity of demand for eyeliner is E(x1,p1)= -0.1 . Suppose the price of eyeliner rises 10%. How much does she spend on eyeliner after the
Given a production function as the following: Q = f (K, L) = K 0.3 L 0.5. Are we experiencing The Law of Diminishing Returns in the use of K and L?
Discuss the size of recent deficits and accumulated national debt, how much of the national debt is held by foreigners? is there a problem with the amount of the nation al debt being held by foreign
What is the effect of Westland's expansionary monetary policy on Eastland's nominal exchange rate in the short run and in the long run?
In the first year, by what percentage does output fall shor to full-employment output? What is the sacrifice ratio for this disinflation?
Is demand elastic, inelastic, or unit elastic at the profit-maximizing price-quantity combination? Is demand elastic, inelastic, or unit elastic at the revenue-maximizing price-quantity combination?
Suppose instead that the station seeks to maximize its profit from sales of the dvds.What price should it charge? How many dvds should it order from which supplier?
You are the manager of a firm that produces a product according to the cost function C(qi) = 100 + 50qi -4qi^2 + qi^3 . Determine the short-run supply function if.
If a random sample of 81 ZX-900s have a mean stopping distance of ft, will National Motors be allowed to advertise the claim? Assume that σ = 6.02 ft and justify your answer using both a criti
To continue operating, the college must receive payments equal to its total costs. What are the total costs in millions of dollars if the school serves 1,000 students?
"You are a manager of a monopoly, your demand and cost functions are given by P = 200 - 2Q and C(Q) = 2,000 + 3Q^2 respectively. What price-quantity combination maximizes your firm's profits?
If the sacrifice ratio is 2, reducing the inflation rate from 10 percent to 6 percent, what would the percentage of annual output require to sacrifice?
If he chooses to work 4 hours under the new scheme, how much consumption will he have? Is he better off or worse off than he was in part (b)? Which version of the program costs the government more?
Decides to limit the number of flights to Q1 to reduce air pollution. What area(s) represent(s) consumer surplus after the quota is in place?