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Consider a monopolistically competitive firm with N firms. Each firms business opportunities are described by the following equations: Demand: Q = (100/N)-P Marginal revenue: MR = (100/N)-2Q Total cost: TC = 150+Q2 Marginal cost: MC = 2Q (a) How does N, the number of firms in the market, affect each firms demand curve? (b) How many units does each firm produce? (c) What price does each firm charge? (d) How much profit does each firm make? (e) In the long run, how many firms will exist in this market?
What is the present value of growth opportunities or P/E ratios the price is at a point in time while the earnings occur over a period of time. It is, therefore, necessary to specify whether the earnings are for the trailing twelve month period (T..
What are the four stages of the product life cycle? How does product life cycle stage impact marketing strategy? The effectiveness of different marketing strategies varies according to product life cycle. The stages are listed below, along ..
A chair manufacturer hires its assembly-
If the United States eliminates the tariff and the voluntary restraint agreement is approved, what will be the U.S. domestic price of the metal?
Present a description on the relevant economic model to show how a tax on producers, that is equal to the external cost of smoking cigarettes, would result in an efficient equilibrium?
Suppose that a market is described by the following supply and demand equations: Qs = 3P, Qd =400?P Solve for the equilibrium price and the equilibrium quantity.
Define, and briefly explain the differences among, formative, process, impact, and outcome evaluations, as if to someone in public health who is not very familiar with evaluation.
Among the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound money supply, a low saving rate, poor capital base, and lack of foreign exchange. Explain how these problems are inte..
Briefly discuss whether this problem provides enough information to determine whether the equilibrium price and quantity of trucks increased or decreased.
How much excess reserves does the bank hold and how much more can this bank lend - What is the required reserve ratio?
Why would "cap-and-trade" be more aligned with those who wish to use private market innovations to solve environmental problems than a regulatory based environmental system like taxing or production limits?
two consumers justin and cindy of the same product have the following demand curves q1 500 - 10 p and q2 500 - 20 p.
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