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You are the general manager of the Red Dog mine, which is the sole operator in Alaska selling copper. You have a maximum of S =1,000 tons available to sell this year and next year, and the demand for copper will be constant at p q = ? 1,000 each year, where p is the price in dollars per ton and q is the number of tons. Your marginal cost of mining and marketing copper is also constant at $200 per ton, and
your discount rate is r = 0.1. Describe the quantities you would market this year and next year, the market prices, and your producer surplus if you price your copper
(a) like a perfect competitor;
(b) like a monopolist.
Are the assumptions the same as under a simple linear regression. What does TSLS imply about the data if a strong F is found.
Illustrate what happens to the demand for beer if the price of soda falls by 2%. What happens to the demand for beer if consumer income rises by 5%. Be specific.
A production facility is looking at installing a wind turbine which will cost $175,000 at time zero. The wind turbine will allow them to have free electricity and they know they’ll use all the electricity it provides. The wind turbine will have a 6 y..
The president of a growing engineering firm wishes to give each of 20 employees a holiday bonus. How much needs to be deposited each month for a year at a 12% nominal rate, compounded monthly, so that each employee will receive a $2,500 bonus?
q.assume the following data describe the gasoline marketprice per gallon 2.00 2.25 2.50 2.75 3.00 3.25 3.50quantity
If a perfectly competitive firm is incurring a short-run loss, it
Do you think that monetary policy is easier to make than fiscal policy? Why is one easier or harder than the other? What is the Goal of each of the policies? Are the goals in conflict or complements of each other?
Is brand loyalty and superior product quality enough to save Starbucks from its present troubles? To what extent was the present turmoil at Starbucks “inevitable"?
Why are incomes so much more unequal within poor nations that within rich nations generally
If the firm's price elasticity of demand is equal to -2 (or 2 in absolute terms) illustrate what price should the firm charge in order to maximize profits
what is the growth rate of constant- dollar real gdp using year 1 as the base year? What is the growth rate of constant- dollar ral GDP using year 2 as the base year?
How do the instruments of contraction monetary policy work in principle.
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