Macroeconomics
13th Edition
ISBN: 9780134735696
Author: PARKIN, Michael
Publisher: Pearson,
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Question
Chapter 10, Problem 22APA
(a)
To determine
Products sold.
(b)
To determine
Types of markets.
(c)
To determine
Ways to generaterevenue.
(d)
To determine
The attraction of social networking sites to advertisers.
(e)
To determine
The attraction of internet service providers to advertisers.
(f)
To determine
The impact of technological changes.
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Question 4
In the small outback town of Korweingiboora there is one main street, one mile long, running
south to north. All 100 of the townsfolk live along the side of the street, fifty on each side. There
are two restaurants, A & B. One restaurant is located one quarter of a mile from the south end of
town. One restaurant is located at the end of the main street at the north end of town.
Korweingiboorans are willing to pay up to $30 for a restaurant meal.
(a) If restaurant A charges $20 for a meal and restaurant B charges $16 for a meal and the
cost per mile of traveling for the residents is $10 per mile, draw a diagram depicting
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(b) Draw on the same diagram the location of the marginal customer who is indifferent
between purchasing at the two restaurants.
(c) Calculate the location of the marginal customer.
(d) What is the total price (price + transport cost) paid by the marginal customer?
(e) How much consumer…
Use the table, with data for Bishan and Amara, to answer the question.
Table: Bishan's and Amara's Lawn Mowing Services
Amara's price = S30
Bishan's profit= $700
Amara's profit = S800
Bishan's profit=$1,400
Amara's profit=S80
Amara's price $45
Bishan's profit = $100
Amara's profit = $1,500
Bishan's profit =$1,000
Amara's profit-$1.200
Bishan's price =
S35
Bishan's price =
$50
If Bishan and Amara cooperate, Bishan would earn
more and Amara would earn
more than they would
without cooperation.
$1,700; $2,000
$1,000; $1,200
$300; $400
$100; $20
Chapter 10 Solutions
Macroeconomics
Ch. 10.1 - Prob. 1RQCh. 10.1 - Prob. 2RQCh. 10.1 - Prob. 3RQCh. 10.1 - Prob. 4RQCh. 10.1 - Prob. 5RQCh. 10.2 - Prob. 1RQCh. 10.2 - Prob. 2RQCh. 10.2 - Prob. 3RQCh. 10.2 - Prob. 4RQCh. 10.3 - Prob. 1RQ
Ch. 10.3 - Prob. 2RQCh. 10.3 - Prob. 3RQCh. 10.4 - Prob. 1RQCh. 10.4 - Prob. 2RQCh. 10.4 - Prob. 3RQCh. 10.4 - Prob. 4RQCh. 10.5 - Prob. 1RQCh. 10.5 - Prob. 2RQCh. 10.5 - Prob. 3RQCh. 10 - Prob. 1SPACh. 10 - Prob. 2SPACh. 10 - Prob. 3SPACh. 10 - Prob. 4SPACh. 10 - Prob. 5SPACh. 10 - Prob. 6SPACh. 10 - Prob. 7SPACh. 10 - Prob. 8APACh. 10 - Prob. 9APACh. 10 - Prob. 10APACh. 10 - Prob. 11APACh. 10 - Prob. 12APACh. 10 - Prob. 13APACh. 10 - Technological and Economic Efficiency Use the...Ch. 10 - Prob. 15APACh. 10 - Prob. 16APACh. 10 - Prob. 17APACh. 10 - Prob. 18APACh. 10 - Prob. 19APACh. 10 - Prob. 20APACh. 10 - Prob. 21APACh. 10 - Prob. 22APACh. 10 - Prob. 23APA
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