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Price Leadership. Leading People Magazine is a dominant price leading firm in the popular celebrity news magazine market. Moonlighting and National Inquest are competing news magazines that address the same audience. Total and marginal cost relations for each magazine are: Leading People TCL = $12,500 - $1QL + $0.000005QL2 MCL = ∂TCL/∂QL = -$1 + $0.00001QL Moonlighting TCM = $10,000 + $0.5QM + $0.00005QM2 MCM = ∂TCM/∂QM = $0.5 + $0.0001QM National Inquest TCN = $50,000 + $1.25QN + $0.000025QN2 MCN = ∂TCN/∂QN = $1.25 + $0.00005QN and the industry demand curve is: QD = 170,000 - 20,000P Assume throughout this problem that Moonlighting and National Inquest are perfect substitutes for Leading People magazine. Calculate optimal supply for Moonlighting.
A university in a metropolitan area wishes to increase its evening-school offerings of business-related courses such as marketing, accounting, finance, and management. Who are the target market customers (students) for these courses?
How might healthcare reform increase productivity in the United States? c. How might healthcare reform decrease productivity in the United States?
Calculate the Mean from the following Frequency Distribution:
Power stations emit sulfur dioxide as a waste product. This generates a cost to society that is not paid for by the firm; therefore, pollution is a negative externality of power production. Suppose the U.S. government wants to correct this market fai..
Further assume that the marginal cost of producing a pack of cigarettes is $6, and that the market for cigarettes is perfectly competitive. Assume that each pack of cigarettes smokes does $6 worth of health damage to the smoker in the form of incr..
q.suppose that there is a unit mass of consumers who are uniformly distributed on the segment01. two firms are located
A manager from a developing country is overseeing a multinational's operations in a country where drug trafficking and lawlessness are rife. One day, a representative of a local "big man" approaches the manager and asks for a "donation" to help the "..
Explain how each of the following will affect money supply, money demand, the interest rate, the price level, and real GDP. Use 2 graphs for each (one showing what happens to the money market, one showing the AS/AD model) a. The economy experiences a..
If columns (1) and (3) of the demand data shown above are this firm's demand schedule, Illustrate what and how much will be the profit-maximizing level of output for the firm.
Total surplus in a market does not change when the government imposes a tax on that market because the loss of consumer surplus and producer surplus is equal to the gain of government revenue. Taxes cause deadweight losses because they prevent buyers..
Several internal and external assessment methods were discussed within this unit. Identify and discuss three internal assessment methods that you feel are most effective and three that you feel are least effective. Identify and discuss three external..
q1. illustrate what is the marginal revenue from selling another book for the author? explain how does it compare to
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