Economics Answers

Imagine you've started a new pizza restaurant. It costs you about $5 to produce a pizza.

Last week you sold 500 pizzas for $10 each.

This week you raised your price and sold 150 pizzas for $16 each.

What price should you be charging? (round to the nearest penny)

Kevin has a lot of free time and he decides to pick up a new hobby. He has two options—he can take art classes or can sign up for French cooking classes. He estimates that the art classes would cost him $70, and would provide him with a benefit of $100. On the other hand, the cooking classes would cost him $120, but provide him benefits worth $160. Use cost-benefit analysis to arrive at the optimum choice for Kevin.

Hi, I was wondering what market structure the rail industry operates in?

It costs you about $3 to produce a pizza.

Last week you sold 500 pizzas for $12 each.

This week you raised your price and sold 300 pizzas for $16 each.

What price should you be charging? (round to the nearest penny)

Supposs that you are a writer for the blog fashion boutiques & are writing a post that illustrates how principles from your economics class can be illustrated by the market for boutiques.you want to include some headlines from recent news stories find actualnews articles using chocolates to illustrate each of the following concepts,or if name are available,create your own detailed headlines.you may draw a graph to illustrate the changes in equilibrium.
1.change in quantity demanded
2.change in quantity supplied
3 change in buyers of butiques
4.change in the price of related goods

A prime example of the negatives effectives of "Path Dependency" is the QWERTY keyboard layout, which persists in usage despite there being far more efficient ways to organize a keyboard. Path Dependency can also be used to maintain a sustainable competitive advantage. Identify a firm and product, other than Apple, that has used path dependency to its advantage and discuss how this was accomplished.

Use Microsoft as the company.

Find the equilibrium price and quantity
Set Qd = Qs:
100/3-P/3 = -5+P/2

the differnce between price ratationing and non-price ratining

understanding development- living in hetrrogeneous world-islands of prosperity

If the investment accelerator from an increase in government purchases is larger than the crowding-out effect, then

a.
the multiplier is probably equal to one.

b.
the multiplier is probably less than one.

c.
the multiplier is probably zero.

d.
the multiplier is probably greater than one.