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[Requires Calculus] A perfectly competitive firm faces a market price of $10 for its output X. It own two plants, A and B whose total costs are
TC sub A = 10 + 2X + (.25X)2
TC sub B = 15 + .4X + (.1X)2
How many units should each plant produce to maximize profit at that price? (Show Work)
If the price of processor chips used in manufacturing personal computers decrease, what will happen in the market for personal computers How will the equilibrium price and equilibrium quantity of personal computers change
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AT&T: 38.3% Verizon: 31.3% Sprint: 15.9% T-Mobile: 12.2% Other: 2.3% What is the maximum value of the HHI (a) Before the AT&T/T-Mobile deal? (b) If AT&T buys T-Mobile?
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