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Suppose you are a monopolist in the market for a specific video game. Your demand curve is given by P=80-Q/2, and your marginal cost curve is MC=Q. Your fixed cost is $400.
i) Derive the marginal revenue curve
ii) Calculate the equilibrium price and quantity
iii) What is the profit?
Suppose a cinema is a local monopoly whose demand curve for adult tickets on Saturnday night P=12-2Q, where P is the price of a ticket in dollars and Q is the number of ticket sold in hundreds. The marginal cost for adult is $2
i) What is the marginal revenue cost in the market?
ii) What price should the cinema charge in the markets if its goal is to maximize profits?
A. Graphically show and explain how carpooling may eliminate the shortage and explain your answer. B. Graphically show and explain how building more freeway may eliminate the shortage and again explain your answer
The production possibilities curve below sho the hypothetical relationship between the production of food and clothing in an economy.
The discussion centers on how person or consumers would react during a period when a country's GDP growth rates.
In a perfectly competitive market suppose that a competitive firm's marginal cost of producing output q is given by MC(q)=3+2q. Assume that the market price of the product is $9:
directions be sure to make an electronic copy of your answer before submitting it to ashworth college for grading.
Review the GDP data for the last few years from Bureau of Economic Analysis's Website and give a brief summary of the GDP trends over that timeframe and discuss 2or3 events which may have caused these trends.
Using the results in (a) and (b) above, and the market demand curve, illustrate the marketprice in the case of monopoly, duopoly, and perfect competition. Note: to derive thecompetitive solution assume identical firms i.e. AC = MC.
Assume that tuition prices suddenly go up 20 percent. What impact will this single price increase have on the CPI.
In turn, what factors influence the level of investment what sort of government policies or programs are capable of stabilizing employment and dampening the business cycle How do these policies work
"The wealth effect on consumption is stronger for older households. The same is true for the marginal propensity to consume out of labour income." explain
From the information in the following table, calculate the income elasticity of demand for this good if income increases from $10,000 to $20,000, and if income increases from $40,000 to $50,000.
Fed reserve requirements are imposed on any loan from a U.S. bank's foreign branch to a U.S. resident, or on any asset purchase by the branch bank from its U.S. parent. What do you think is the rationale for these regulations?
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