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Demand, Supply, Cost, Average Cost and Marginal Cost
The market demand function of a firm is given by 8P + Q - 64 = 0, and the firm's average cost function takes the form AC = 8/Q + 6 - 0.4Q + 0.08Q2.
i)Determine the price and quantity for maximum sales revenue and calculate the maximum revenue.
ii)Determine the price and quantity for minimum marginal costs and calculate the minimum marginal cost.
iii)Determine the price and quantity for maximum profit and calculate the maximum profit.
Determine the profit-maximizing prices both firms will charge. In addition, calculate the price-cost margin for each firm and indicate which has more pricing power and why.
Illustrate what is the effect of an import quota on the supply and price of domestic sugar. How many units of sugar will domestic produces supply after the quota is imposed.
A firm uses a single plan with costs C = 160 + 16Q + .1Q 2 and faces the price equation P = 96 - .4Q. The firm's production manager claims that the firm's average cost of production is minimized at an output of 40 units.
Using the following data calculate Disposable Income:
QuadPlex movie is the only movie theater in Idaho Falls. The nearest rival cenima theater.
Southeastern Bell stocks a certain switch connector at its central warehouse for prividing field service offices.
Construct a graph showing the outputs, and prices before and after the corrective taxes were imposed.
Explain how will different cultural perspectives of a region impact your global business operations.
When and why were the inflation and unemployment rates negatively correlated? When and why were the inflation and unemployment rates positively correlated?
Describe what long-term economic growth is and if there are any limits to the U.S. long-term economic growth.
A monopolist sells in both Milwaukee also Cleveland and has identical marginal price of 8 in each market.
Do analysis of the economic and ethical implications of the article event.
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