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1. A monopoly firm maximizes its profit by producing 500 units output (so Q = 500). At that level of output, its marginal revenue is $30, its average revenue is $40, and its average total cost is $34. At Q = 500, what is the firm's total cost?2. A monopolist faces market demand given by P = 60 - Q. For this market, MR = 60 - 2Q and MC = Q. What price will the monopolist charge in order to maximize profits?
some fields have large enough quantities of both oil and natural gas that coordination must be achieved for the
Supply and Demand Concepts
is america number one? understanding the economics of success. unemployment america vs. europe. n.d.. films on
In 2009 the American auto industry was in a dire economic state. Chrysler was in Chapter 11, GM was on the brink of bankruptcy, and Ford's future was at best uncertain. The demise of the U.S. auto industry would have a devastating impact on our natio..
The key to this discussion is marginal utility. How much marginal utility do you obtain from an additional newspaper versus how much marginal utility do you get from another snack? The key to this discussion is marginal utility. How much marginal uti..
george dundee operates a lumber mill outside of oklahoma city. dundee has a contract to deliver 15 truckloads of cut
exchange economy 1. suppose that in a simple two-good exchange economy the two individuals a and b have the following
2) Why is the shutdown point not a hard and fast rule of MR=MC=AVC 3) Why does the government's desire to not provide health care at certain points maybe economically rational and dangerous Explain.
collect data on sales from any retail store of choosing for the last 10 months or 10 years. Predict the sale for the 11th month or 11th yr using a 3-month moving average and a 4-month moving average. Calculate the MAD for the 3-month or 3yr and 4m..
What effect would each of the following have on aggregate demand or aggregate supply? Explain.
Returning to the duopoly of part (b),suppose Firm 1 abides by the agreement but Firm 2 cheats by increasing production. How many widgets will Firm 2 produce? What will be each firm"s profits?
What is an example of big data either from your personal experience or outside research? How can big data impact an organization?
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