Q1. Fill the table below for price levels 60 and 50. TT MC MR R MR T qP P=60 C P=60 P=60 P=60 P = 50 P=50P = 50 0 60 1 60 2 60 3 60 4 60 5 60 6 60 7 60 8 60 9 60 10 60 11 60 R 100 150 178 198 212 230 250 272 310 355 410 475
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- If the demand and supply curves for a commodity are defined as follows, Qd=200-0.6(p) Qs=80+1.4(p) What would be the best option to represent the equilibrium price and equilibrium quantityWhat are the values of P1, P2, Q1, Q2 given two commodity demand and supply model: Q d1= 24 - 8 P1 + 2 P2 Q s1= - 6 + 12 P2 Q d2= 28 +P1 - 8 P2 Q s2 = - 6 + 2 P2insert a formula that calculates the percentage Raymond paid of the issue price by dividing the amount Paid by the Issue Price.
- In 2012-2015, the price of jet and diesel fuel used by air freight companies decreased dramatically. As CEO of FedEx, you have been presented with the following proposals below to deal with the situation. Evaluate these alternatives in the context of the decision-making model. Make long-term contracts to buy jet fuel and diesel at a fixed price for the next two years and set shipping rates to a level that will cover these costs.What is an alternative method of solving the price gouging of masks?. use diagram to support.Please no written by hand A reserve price is a minimum price set by the auctioneer. If no bidder is willing to pay the reserve price, the item is unsold at a profit of $0 for the auctioneer. If only one bidder values the item at or above the reserve price, that bidder pays the reserve price. An auctioneer faces two bidders, each with a value of either $186 or $248, with both values equally probable. Without a reserve price, the second highest bid will be the price paid by the winning bidder. The following table lists the four possible combinations for bidder values. Each combination is equally likely to occur.
- The Government of a country has implemented a higher minimum wage in 57 cities and towns effective 1 January 2020. Describe how the new wage will benefit employees in the urban areas and discuss the consequences to the economy of the country.You plan to purchase a car for $28,000. Its market value will decrease by 20% per year. You have determined that the IRS-allowed mileage reimbursement rate for business travel is about right for fuel and maintenance at $0.485 per mile in the first year. You anticipate that it will go up at a rate of 10% each year, with the price of oil rising, influencing gasoline, oils, greases, tires, and so on. You normally drive 15,000 miles per year. What is the optimum replacement interval for the car? Your MARR is 9%.Suppose Hinterland has been a closed economy (meaning there is no immigration from foreign countries and no international trade). The current labor force has 4 million skilled workers and 8 million unskilled workers. Both types of labor have perfectly inelastic supply curves, and the current skilled-unskilled wage ratio is 2.5. The elasticity of demand of skilled labor is -0.4, while the elasticity of demand of unskilled labor is -0.1. Suppose Hinterland allows a brief period of immigration, during which time 1 million skilled workers and 4 million unskilled workers migrate to Hinterland. Suppose there are no other changes to the economy. Approximately what is the new skilled-unskilled wage ratio? (Hint: The percent change in the wage ratio is approximately equal to the percent change in the skilled wage minus the percent change in the unskilled wage.)