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1. Given the demand curve P= 2,000 – 2Q and marginal costs of MC = 1,100 + 2Q, the firm’s profit will maximize at equilibrium price and output of:
2. Based on the demand and cost function in previous question, in a two-part tariff pricing strategy, what is the most fees (leaving buyers with zero consumer surplus) the seller is able to charge?
According to the production function, with 300 labor hours, illustrate what is this economy's capacity to produce
q1. suppose that there are crowding-out effects and the mpc is .9. by how much must the government increase
Illustrate what is the unemployment rate. Karen sharpens knives in her spare time for extra income.
q.for the questions below write an explanation of the short-run effect including the determinant of ad or as that is
Within which sections of the production function is marginal product increasing. Explicate the link between scarcity, choice and opportunity cost
q. imagine a society that produces military goods and consumer goods which well call guns and butter.a. draw a
a university spent 1.8 million to install solar panels atop a parking garage. these panels will have a capacity of
Supposes a perfectly competitive, increasing-cost industry is initially in long-run equilibrium and demand suddenly increases. Explain how demand change affects price and quantity and who benefits from increased demand.
How does Supply and Demand play a role in economic thinking? What factors influence economics that don't directly relate to it? How does public choice economics influence the market?
Illustrate what is the forecasted price of oil over the next 16 years using a discount rate of 5%.
What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies would be appropriate at this time?
q.consider an economy with no production. the economy is endowed with 50 bushels of alfalfa a and 50 bushels of barley
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