When Starlink decides to offer it’s internet services by using satellite technology as opposed to land based towers, they are essentially answering the _________ question in economics.
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When Starlink decides to offer it’s internet services by using satellite technology as opposed to
land based towers, they are essentially answering the _________ question in economics.
a) What
b) How
c) For Whom
d) Where
Step by step
Solved in 4 steps
- Complete all of the following definitionsA large mountain area in Western Norway has very favorable wind conditions and opportunity to establish a wind farm for the production of electric power which can be sold in the European power market. The company Power has previously gained the exclusive right to develop the area for power production. Let x be the number of dmøller set up in the area. The area is used by many people as recreation area, and is close to a major city. Power's profit depends on how many wind turbines set up. Let the profit be given by IP (X) = 100x - 5x 2 Two groups are negatively affected by the wind turbine development, the local population gen and the local tourism industry that sells adventure travel to foreign countries tourists. The value of the local population of the area given by the following function 1 V L (x) = V 0 - 30x - X 2 2 The tourism industry's profit is given by the following function πτ(x) πο- 10x- 1 X 21. A large wood products company is negotiating a contract to sell plywood overseas. The fixed cost that can be allocated to the production of plywood is $600,000 per month. The variable cost per thousand board feet is $125.50. The price charged will be determined byp = $550 – (0.4)D per 1.00 board feet. a. For this situation, determine the optimal monthly sales volume for this product and calculate the profit (or loss) at the optimal volume. b. What is the domain of profitable demand during a month?
- What makes the Lincoln Electric system so successful in the United States?CAFE (company average fuel economies) standards stipulate the avenge fuel efficiency (miles per gallon) of can produced by each manufacturer. That is, the average fuel efficiency of can sold by GM, Ford, Chrysler, Toyota, and so forth must be at least equal to the standard set by the government. Explain why such a system introduces both inefficiencies and inequities among different automobile manufacturers.Each time a song is played on the radio, the record company and the songwriter are paid a royalty of $0.30.Of the total, 75% goes to the company and the rest to the writer. If on a network of 50 radio stations, a certainsong is played 4 times a day during the first week and then 20 times a day for the next three weeks, how muchdoes the network owe in royalties for the four weeks? How much do the record company and the songwriterreceive each
- What collective term would be used to describe the employees, investors, suppliers, and customers of a manufacturer of laboratory equipment?When starlink decides to offer it's internet services by using satellite technology as opposed to land based towers they are essentially answering the question i economicsIt costs $1 million in R&D to develop a new diabetes treatment. The marginal cost of producing and marketing a treatment, once discovered, is $10. Suppose that Pfizer currently is selling a treatment that is covered by a valid patent, which is set to expire in one year. What is the most likely outcome of a proposed law that would allow generic drug companies to enter any market 5 years before the expiration of the patent covering it? Question options: a) More diabetics would use the treatment Pfizer invented, and drug companies would invest more in R&D for future treatments b) Fewer diabetics would use the treatment Pfizer invented, and drug companies would invest more in R&D for future treatments c) More diabetics would use the treatment Pfizer invented, and drug companies would invest less in R&D for future treatments d) Fewer diabetics would use the treatment…
- Acme Drug Co. has a patent on the drug A-rene, the annual demand for which can be described by the demand curve: Q = 4500 - 300P. Production of the drug requires an annual fixed cost of $3,000 and a per unit marginal cost of $5. (i) How many units of the drug will Acme produce each year, and what price will it charge, in order to maximize its profits? What will be its annual profits? (ii) Now suppose that the Better Drug Co. has discovered B-rene, a new drug which seems to be identical to A-rene in all its effects. If Better enters the market, competition with Acme will conform to a Cournot duopoly. Better’s costs are identical to those of Acme. What would be the equilibrium outcome of this duopoly? Specifically, how much would each firm produce and what would be the price? How much profit would each firm make? Would Better find it profitable to enter the market? (iii) Would it be in the interests of society as a whole for Better Drug to enter into production? Identify the gainers and…Please solve both as they are easy and get like Hand written solutions are strictly prohibitedDiscuss the optimal method for procuring inputs that have well-defined and measurable quality specifications and require highly specialized investments. What are the primary advantages and disadvantages of acquiring inputs through this means? Give an example not used in the textbook that uses this method of procurement.