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Based on the best available econometric estimates, the market elasticity of demand for your firm’s product is -3. The marginal cost of producing the product is constant at $225, while average total cost at current production levels is $315. Determine your optimal per unit price if:
1) You are a monopolist.
2) You compete against one other firm in a Cournot oligopoly.
3) You compete against 19 other firms in a Cournot oligopoly.
our company values the three tons of channel steel at $12,000. Illustrate what is your optimal bid. Elucidate how all step by step calculations to arrive at solution.
What is the purpose of having different types of procedures (e.g. pleadings, motions, and discovery) in litigation? Are some procedures more important than others? Do all these procedures just create an atmosphere of gamesmanship in litigation? Do th..
In what situations will a court impose a strict liability standard instead of a negligence standard? Provide a real-world example of a strict liability case. Is imposing this standard fair? Are strict liability standards fair as a general rule?
The highway department expects the cost of maintenance for a piece of heavy construction equipment tp be $5000 in year , then increase to $5500 in year 2, and increase $500 annually till year 10. At interest rate 10% per year determine the present wo..
An increase in the minimum wage will tend to cause which of the following to ?occur?
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One year ago a machine was purchased at a cost of $2,000, to be useful for five (5) years. However the machine failed to perform properly and has cost $200 per month for repairs, adjustments, and shut-downs. A new machine designed to perform the func..
Suppose that the Thai Baht is trading for $0.02, inflation in the US is 3% and inflation in Thailand is 1%. What must happen to the exchange rate in order for the purchasing power parity condition to hold?
Calculate the present value of an annuity with annual deposits of $10,000 at 7% for 10 years. Determine the monthly payment to amortize a $250,000 debt at 3% for 30 years.
q. in 2002 roma was a schoolteacher and earned 40000. but she enjoys creating cartoons so at the beginning of 2003 roma
q1. suppose there are two elementary schools in a county. one school a loans all its students a laptop computer for use
The GDP is a total market value of final goods and services produced within a country over time. Why is this a reflection of this country's cost of living so varied making expenditures.
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