1). The DeBeers company is a profit-maximizing monopolist that exercises monopoly power in the distribution of diamonds. If the company earns positive economic profits this year, the price of diamonds will: Exceed the marginal cost of diamonds but equal to the average total cost of diamonds. Exceed both the marginal cost and […]
1. The demand (marginal benefit) curve for pizza slices per month for a small city is as show in the graph below page. Its inversecan be described algebraically as: P= 4 – Q/2) (where P=price and Q=quantity in thousands of slices). [Side Note: we call this the inverse demand curve,because the true demand curve says […]
1 ) The correspondence principle provides an understanding of how the services ( or public goods ) of government may be organized and delivered . Please describe this principle , and using examples , explain how it can be used in understanding which level of government provides a specific public good “Looking for a […]
1-The culture of a company is conveyed through a.Rites b.Myths c. Rituals d. All of the above 2-A specialty product is ________ intensively distributed than a shopping product a.More b.Less c. Both of the above 3-The demand for a product is ________ when price cut causes revenue to increase. a. Income elastic b. Price elastic […]
1. The Chapter stresses the idea that the firm straddles input and output markets. Explain this notion. What role does the firm’s cost function play as it straddles input and output markets? 2. Expressions (2.1) and (2.7) provide equivalent descriptions of the profit maximizing firm’s behavior. Why is a cost function present in expression (2.7) […]
1. The bolt-making industry has 20 identical firms, each one has a short-run total cost function TC(q) 16 + q2 (a) What is the short-run supply of each firm? (b) The market demand is QD(p) = 110-p. What is the short-run equilibrium price and quantity supplied by each firm? Calculate each firm’s profit. (c) Suppose […]
1. The base of machine is supported by four (4) two (2) leg supports (like a shipping container crane) consisting of 2.4m long steel struts pinned at each end. The machine must remain level and aligned at all times. Due to a maintenance issue, one of the 20mm square struts is replaced with a 20mmx50mm […]
1. The aerodynamic drag on a vehicle is thought to depend on the following properties: ? Density of the fluid ? Viscosity of the fluid ? A representative length scale of the vehicle. ? Flow velocity “Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!”
1. The balances in the perpetual inventory accounts of Valley view Manufacturing Corporation at the beginning and end of the current year are as follows: End of Year Beginning of Year Inventory accounts: Materials . . . . . . . . . . . . . . . . . . . . . […]
1.Telephone operators and receptionists who prevent contacts to deciders are classified as A. initiators B.influencers C. buyers D.gatekeepers 2. Supplier?s goal is to enlarge their share of purchasing over time, it is a characteristic of buying situation and called as A.supplier’s rebuy B.purpose buying C.straight rebuy D.turned rebuy 3. A company’s buying products such as […]
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