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How is it possible that in perfect competition some firms have economic profits equal to zero while others have a positive economic profit. Can they have a positive consumer surplus? Isn't it a contradiction?
Formulate a linear programming model for this problem and prepare the initial tableau if the problem is to be solved using simplex
different products have different price and income elasticities. heart medication for example is price inelastic and
1 toys corporation has estimated its demand and cost function as followq 25 - 0.05ptc 780 200qa what will be the
1. bertrand duopolists firm 1 and firm 2 face inverse market demand p 50 - q. both have marginal cost mc 20.
Granny’s Butter and Egg Business is such that she pays an effective tax rate of 40%. Granny is considering the purchase of a new Turbo Churn for $25,000. This churn is special handing device for food manufacture and has an estimated life of 4 years a..
A soft drink bottler collected monthly data on its sales of 12 ounce cans at different prices.
What is the characteristic of a monopoly market that allows a natural monopoly to potentially charge consumers a price premium above long-run LRAC?Need an answer for which the work limit should be 150 words
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.
The United States is a net exporter of services to China. What does this imply about the magnitude of the deficit in the U.S. balance on goods and services with china compared with the size of the U.S. merchandise trade deficit with China? Why does a..
some financial intisutions may take action to remain profitable because of the lower interest rates. Obviously when the interest rates are lower, companies tend to lose money, because it is cheaper for consumers to pay back loans. Financial stabil..
Mathew's utility function implies that the marginal utility of apples is 0.5vX/Y and the marginal utility of hotdogs is 0.5vY/X . How many apples and hotdogs will Mathew buy?
How well do punches of market satisfy properties of ideal money (durable, portable, divisible, uniform quantity, low opportunity cost, stable value)?
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