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a. The profit-maximizing price is $________ and the firm should produce _______units of output.
b. The elasticity of demand at the profit-maximizing point on demand is __________ (elastic, inelastic, unit elastic), as it must be for profit maximization to occur. Total revenue ________ (is, is not) maximized at this point on demand.
c. The maximum possible profit for this firm is $___________________ (indicate a loss with a negative sign).
d. The firm __________________ (should, should not) shut down in the short run because it would lose $____________ if it shut down.
Will countries be better off under a multilateral economic liberalization regime or under a system of regional economic integration? Why? How useful is economic geography in explaining the success of regional economic integration blocs? Give examples..
Assume 3 firms, A,B, and C, compete for market share via quantity competition. Assume all firms have the same constant marginal costs cA = cB = cC = 1 and that market demand is given by D(p) = 101 minus p. Solve for the unique N.E.
What is the present worth of $500.00 in month 1, $510.00 in month 2, and amounts increasing by $10 per month through month 36, if the intrest rate is 15% per year compounded continuously?
A certain cell phone sells for 2400 yuan in China and for $300 in the U.S. The nominal exchange rate is 6.5 yuan per dollar. Find the real exchange rate. Show your work. In terms of dollars where is the cell phone cheaper?
Suppose that a proposal is under review to strengthen the NPDWS for benzene, and the associated abatement level would generate a marginal social benefit (MSB) that is greater than the marginal social cost (MSC) by $125,000. On efficiency grounds, sho..
q. client 2 is in the express small package industry. limit your recommendation and supporting analysis to 250 words
At his current consumption basket, his marginal utility for hot dogs is 5 and his marginal utility for sodas is 3.
Which of the following sentences contains an incorrect use of an adjective or adverb?
According to Marx, what is the basis of all history? What two hostile group have competed in recent history? What are the characteristics of the bourgeoisie in their dominance of history? How does Marx define a class? How does he define the proletar..
Supposed a proposed public policy could result in three possible outcomes: If the probability of each outcome is, respectively, 0.85, 0.10, and 0.05, should the policy be pursued or not? Explain.
The political stability of countries has an impact on the foreign exchange market. When a country's import spending exceeds the value of its exports, the country is experiencing a:
Summarize Walt Disneys marketing mix based on one or several of the following elements: Product and branding strategies (appropriate service strategy if the company has a consumer orientation). Supply chain strategies (how they place the product in t..
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