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Suppose a firm's inverse demand curve is given by P = 120 - .5Q and its cost equation is C = 420 + 60Q + Q2:a. Find the firm's optimal quantity, price, and profit (1) by using the profit and marginal profit equations and (2) by setting MR equal to MC. Also provide a graph of MR and MC.
b. Suppose instead that the firm can sell any and all of its output at the fixed market price P = 120. Find the firm's optimal output.
answer the next question on the basis of the following production possibilities data for landia and scandia landia
the bureau of labor statistics showed an astonishing 5 percent gain in productivity in 2001s fourth quarter. some
Would this additional spending on advertising achieve the effect of deterring Maytag from entering? Should GE pursue this option?
Prepare a brief, 2-3 page, paper outlining the major monetary poicy actions used by the Federal Reserve over the past few years.In general, have these actions helped the US construction industry? Explain.
A number of stores offer film expanding as a service to their consumers. Assume that each store that offers this service has a cost function C(q)=50+0.5q+0.08q2 .
what impact would a change that shifts an economys production possibilities curve outward have on the long run
You are the manager of a monopoly and your demand and cost functions are given by P=300-3Q,C(Q)=1,500+2Q^2, respectively. What is the profit-maximizing price and output?
demonstrate graphically the cost of income taxation of 30 to consumers and producers for an income of 27908?how does
Suppose the information in the following table is for a simple economy that produces only the following four goods and services: textbooks, hamburgers, shirts, and cotton. Assume that all the cotton is used in the process of producion.what is the ..
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope - Pigouvian taxes, emission taxes, or cap and trade. Explain it - Why do you think your policy would work in reduci..
Start your discussion with the definition of "a central bank transparency" - what is it and then proceed to the discussion of advantages and disadvantages of a central bank transparency.
outsourcing offshore please respond to the following answer the following discussions on the decision to outsource
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