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A medical device company has a monopoly on a certain class of cardiac implants. Demand for the implants is given by P=28000-5Q and marginal revenue is given by MR=28000-10Q. The total fixed costs for the implants division is 50000 and the marginal cost is given by MC=6000, so TC=50000+6000Q. Calculate profit at the profit-maximizing price and quantity.
Distinguish between the two types but knows the probabilities of each type. What would be the result in this market for loans.
Mary is in equilibrium. The MUa =6, MUb =12, Pa=2, what is the price of b? Zach is in equilibrium. The MUa=2, MUb=8, what is the price of a in terms of the price of b? What is the utility maximizing or optimization condition?
q1. your publishing house is about ready to release john grishams newest novel just in time for holiday giving. you are
If the table represents the demand faced by a monopoly firm, then what is that firm's marginal revenue as it increases output from 1300 units to 2200 units - Is demand elastic or inelastic in the $6-$8 price range? How do you know?
Illustrate what is the maximum amount by which funds provide can be increased as a result of bank A's new loan
Home price escalation in the U.S. during 2005 fueled booms in:
Suppose population growth rate is 0.03, inome elastiity of demand for consumption is 0.75 and inome growth rate of 0.05. what would be the growth rate of agriultural production for balaned growth of the economy.
How many units of good X will be purchased when Px=4910, determine the inverse demand function for good x.
Net income=5,000, depreciation=2,500, increase in deferred tax liabilities=500, decrease in accounts receivables=2,000, increase in inventories=9,000, decrease in accounts payable=5,000, increase in liabilities=1,000, increase in property & equipment..
q.your complete portfolio is 400000 and is comprised of a risk free asset that pays 5 and a risky asset that has an
external benefit generated by sale of marginal widget is $100, regardless of how many widgets are purchased.
If the government imposes a limit on sales of a good or service by issuing a license that gives the owner the right to sell a given quantity of the good, the difference between the demand and supply price
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