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Consider a monopolist that produces a good at a constant marginal and average cost of 5$. The market demand is given by p=53-Q
A) find the deadweight loss and the consumer surplus and the elasticity of demand (absolute value) at the optimal output
Illustrate what did he know about costing to the chain store representative was overlooking. Be sure to describe or chart the shape of Morita's costing.
The demand for bread will fall if more Americans go on a low diet. The cost of bread will fall due to the decrease in the demand for bread.
Critics of federal banking policy argue that deposit insurance is a key reason for banking failures. The banks enjoy a "heads I win, tails the government loses" proposition. Several possible reforms of deposit insurance have been suggested. For examp..
You went out to dinner one night and observed one of your patients drinking heavily. The next day the patient is to check into the hospital for a pre-scheduled surgery. Your colleague found out about this and stated the patient’s behavior was irratio..
Which assumption about consumer preferences is violated in this scenario. Randy likes basketball more than football; football more than baseball; and baseball more than basketball.
Professional sports players are generally paid much more than farmers, factory workers, engineers also teachers.
Illustrate what adjustments are required for China to rebalance its current account. Illustrate what risks are inherent in such adjustments.
Suppose that soda producers can choose between using cane sugar or corn syrup as sweeteners. If the price of corn syrup rises, what impact would you expect this to have on the demand for cane sugar? Briefly explain. If the price of cane sugar rises, ..
A structure with a 40 year life span has an initial cost of $800,000. maintenance costs will be $30,000 every 5 years. how much money should the city borrow now to carry out the entire project including maintenance . the interest rate is 5%.
Suppose you own a portfolio consisting of $250,000 of long-term U.S. government bonds. What is the least risky security you can think of? Explain. Would your portfolio be riskless? Explain.
q.an economist claims depends on an econometric study that high profits in a certain industry are explained by that
Suppose you are currently earning $15 an hour. If the inflation rate over the current year is 10 percent and your firm provides a cost-of-living raise based on the raise based on the rate of inflation, what would you expect to earn after your raise? ..
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