MGCR 293 Study Guide - Midterm Guide: Kryptonite, Ceteris Paribus, Brewery

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You are going to receive a check for. million dollars today and at the end of every year for the next 24 years. L, so long as it uses 10 bolts in toto. The cost of repairing a car is tc = k2 + Qd = 40 2p and tc = 0. 5q2. Its profit maximizing price is a) p = . b) p = . c) p = . d) p = . e) p = sh. Assume that per capita income i is ,000 and the average price of software s is . P = ,000, the price elasticity of demand is a) 2. 625. b) 7. 0. c) 1. 0. d) 21. 0. e) 4. 25: the demand for textbooks is q = 200 p + 25u 50pbeer Assume that the unemployment rate u is 8 and the price of beer pbeer. is .