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You are the manager of a monopoly. The demand for your product is P=100-2Q and the marginal revenue is MR=100-4Q. Total cost is 20Q where Q is output.
1. Find the profix maximizing output and the price as well as your firm's profit.
2. Determine the firms optimal two-part pricing strategy; that is determine the firm's per unit price and fixed charge along with the firm's output. Calculate the firm's profit in this case. How does the profit in this case compare with the outcome you calculated in question 1 of this problem?
Calculate the standard deviation of annual sales. Calculate the coefficient of variation of annual sales.
Compute the present value of a $500 investment made 4 months, 7 years, and 15 years from now at 4 percent interest. Instruction: Round your answers to the nearest penny (2 decimal places). Present value of investment made in 4 months at 4 percent = $
Many countries take a major terminology such as ICD and customize it to suit their local needs. Discuss the costs and benefits of this approach from an individual country’s point of view. What could the impact of Localization be on the collection of ..
q1. confronted with a choice between 50 today or 100 one year from now economic experts suggest that the vast majority
How high should a monopoly set its prices in order to maximize profits - When you post a response to this question, place it in the context of one of the examples.
Briefly explain the characteristics (or properties) of equilibrium in the Cournot Model and the assumption under which it is achieved.
Explain what is the maximum amount of new loans that this bank can make. Show in column 1 how the bank's balance sheet will appear after the bank has lent this additional amount.
A profit-maximizing firm in a competitive market is currrently producing 100 units of output. Elucidate firm's profits, marginal cost, and average variable cost respectively.
There are not enough of four goods to satisfy the wants of people. For good A, this is true when the price is $100. This is true for good B at a price of $10, for good C at a price of $1, and for good D at a price of zero. Which situation reflects sc..
On a graph with time on the horizontal axis and yt on the vertical axis, draw the evolution of output per worker over time. Does output per worker grow in the long run? Explain why or why not.
You invest in a fast food restaurant on Rt. 13 in Dover, Delaware (Hey, it seemed like a good idea at the time). You were required to invest $300,000. One year passes. You decide to sell your business. During the year you were paid $25,000 as your % ..
The first requirement is to list all of the components that are present in your network, to describe which components must be monitored, and to identify the security requirements of each monitored component.
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