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A firm has a monopoly on a new type of gaming console. The market demand is given by P=175.3-0.003*Q and thus marginal revenue is MR=175.3-0.006*Q. The monopolist's marginal cost is MC=5.2+0.001*Q. Calculate the profit-maximizing production quantity.
Describe whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve, neither, or both.
Joe subscribes to an Internet provider that charges $2 per hour. He has $100 per month to spend and is at equilibrium by buying 10 hours of Internet access and $80 worth of other goods. Draw the indifference curve and budget line. If the company swit..
Assume which incidence of HIV in the population is .005. Compute the yearly premium of the 1st policy.
If the price increases by 10 percent, by how much does the quantity of household (a) natural gas and (b) electricity change in the short run and in the long run?
Assume that all other banks hold only the required amount of reserves.
Find the Herfindahl index for an industry composed of (a) three firms- one with 70 percent of the market, and the other tow with 20 and 10 percent of the market
Lubbock County is planning to construct a bridge across the Rio de Lubbock to facilitate afternoon skiing in the El Dusto Ski Basin. The first cost for the bridge will be $6,500,000. Annual maintenance and repairs will cost $25,000 for each of the fi..
Explain why would the increase in GDP be greater than the increase of a $100 increase in government spending.
Write down Mareko's intertemporal budget constraint in future value terms. How much pineapple will Mareko consume in each period.
Elucidate what type of returns to scale does this technology represent.
How many units of labor should be employed? b. How many units of capital should be employed? c. What would be the total cost of production?
During the working life, how do you graph that without knowing more information.
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