You sell Blivets on a sliding-price scale. Price per Blivet p in dollars is given by a linear function of q Blivets. You charge $24 each for an order of 1 Blivet and $18 each for an order of 13 Blivets.

a.) Find the linear formula for price per Blivet as a function of quantity q.

p=

b.) Write out the formula for your total revenue for an order of q Blivets.

TR(q)=

c.) Recall that marginal revenue at q is given by MR(q)=\frac{TR(q+1)-TR(q)}{1} and compute the marginal revenue for selling 10 Blivets.

= ? dollars per Blivet

d.) The Blivets cost $5 each to manufacture and you have fixed costs of $100. Give the formula for the total cost to produce q Blivets.

TC(q)=

e.) What is the maximum profit? Include units. (Assume that you cannot sell a fraction of a Blivet. The quantity that maximizes profit must be a whole number.)

Suppose that kenji, an economist from an am talk radio program, and lucia, an economist from a school of industrial relations, are arguing over health insurance. the following dialogue shows an excerpt from their debate: lucia: a popular topic for debate among politicians as well as economists is the idea of providing government assistance for health benefits. kenji: i think it is oppressive for the government to tax people who take care of themselves in order to pay for health insurance for those who are obese. lucia: i disagree. i think government funding of health insurance is useful to ensure basic fairness. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? lawyers make up an excessive percentage of elected officials. minimum wage laws do more to harm low-skilled workers than them. tariffs and import quotas generally reduce economic welfare.

Chip wilson has hired goldman sachs, an investment banking company, to assist him with a hostile takeover of lululemon. wilson's goal is to hire a new board of directors because he believes there is a need for a more long-term focus. goldman sachs is a proven firm at making a profit in every move that they make. if the hostile takeover does not pan out, what could be another motive for investors?

Choose the statement that is incorrect. a. search activity occurs only in markets where there is a shortage. b. when a price is regulated and there is a shortage, search activity increases. c. the time spent looking for someone with whom to do business is called search activity. d. the opportunity cost of a good is equal to its price plus the value of the search time spent finding the good.