what will happen to the supply of the Blu-rays players if a new breakthrough in manufacturing technology reduces the cost of producing Blu-rays by half?
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what will happen to the supply of the Blu-rays players if a new breakthrough in manufacturing technology reduces the cost of producing Blu-rays by half?
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- A company is considering building a bridge across a river. The bridge would cost $2 million to build and nothing to maintain. The following table shows the company's anticipated demand over the lifetime of the bridge: a. If the company were to build the bridge, what would be its profit-maximizing price?Would that be the efficient level of output? Why or why not?b. If the company is interested in maximizing profit, should it build the bridge? What would be its profit or loss?c. If the government were to build the bridge, what price should it charge?d. Should the government build the bridge? Explain.When announcement was made in Junuary about the availability of Starlink in Nigeria, what occurred in the market for internet connectivity?If providing full information about products raises prices, should businesses still be required to do so? Why or why not?
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- A company is considering building a bridge across a river. The bridge would cost $2 million to build and nothing to maintain. The following table shows the company's anticipated demand over the lifetime of the bridge: Price Quantity (Dollars per crossing) (Thousands of crossings) 8 0 7 100 6 200 5 300 4 400 3 500 2 600 1 700 0 800 If the company were to build the bridge, its profit-maximizing price would be $ ? , and it ( would or would not)? produce the efficient level of output. If the company is interested in maximizing profit, it (should , or should not)? build the bridge because profit would be . (Note: If the company incurs a loss, be sure to enter a negative number for profit.) If the government were to build the bridge, it should charge a price of $ ? True or False: The government should build the bridge. True or FalseServices are perishable, which means they cannot be stored or inventoried. What attempts might a university or college make to 'shift' both the supply (when needed during busier times) and the demand (to non-peak times) in order to balance the supply and demand for its services?Since 2019, the price of lithium in China has been falling (and it is predicted to continue falling through 2020). Assume nothing else is happening (the only thing changing is the price). As the price falls, demand for lithium in China falls True or false?
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