Starbright coffee shop at the galleria mall serves two coffee blends it brews on a daily basis, pomona and coastal. each is a blend of three high-quality coffees from colombia, kenya, and indonesia. the coffee shop has 6 pounds of each of these coffees available each day. each pound of coffee will produce sixteen 16-ounce cups of coffee. the shop has enough brewing capacity to brew 30 gallons of these two coffee blends each day. pomona is a blend of 20% colombian, 35% kenyan, and 45% indonesian, whereas coastal is a blend of 60% colombian, 10% kenyan, and 30% indonesian. the shop sells 1.5 times more pomona than coastal each day. pomona sells for $2.05 per cup, and coastal sells for $1.85 per cup. the manager wants to know how many cups of each blend to sell each day to maximize sales. excel

2. the language of price controls consider the market for rental cars. suppose that, in a competitive market without government regulations, the equilibrium price of rental cars is $58 per day, and employees at car rental companies earn $19.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect there are many teenagers who would like to work at car rental companies, but the minimum-wage law sets the hourly wage at $23.00. the government has instituted a legal minimum price of $87 per day for rental cars. the government prohibits car rental companies from renting out rental cars for more than $87 per day.

Refer to the payoff matrix. suppose that speedy bike and power bike are the only two bicycle manufacturing firms serving the market. both can choose large or small advertising budgets. is there a nash equilibrium solution to this game?

Acoase solution to a problem of externality ensures that a socially efficient outcome is to