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The marginal revenue curve of a monopoly crosses its marginal cost curve at $30 per unit and an output of 2 million units. The price that consumers are willing to pay for this output is $40 per unit. If it produces this output, the firm's average total cost is $43 per unit, and its average fixed cost is $8 per unit. What is the profit-maximizing (lossminimizing) output? What are the firm's economic profits (or economic losses)?
Explain how could the advertising be employed to allow KinderCare to keep price above average cost without encouraging the entry.
What is the equilibrium price and quantity of fertilizer in an unregulated, competitive market? What is the efficient quantity of fertilizer?
A policy is not a goal such as "improve human capital" or "reducecorruption," but sufficiently specific that someone could disagree with it.) Pointout at least one weakness of your proposal and a partial solution
Estimate the Airspeed required to support the Maximum Gross Weight of your selected airplane (from 11. above) at an Altitude of 10000 ft. (As initially indicated, a more detailed table/Excel worksheet is beneficial to precision for this task.
Equate the following cash flows to equal cash flows in years 5,6,7,8 and 9. Let i = 8% per year. Use a uniform gradient factor in your solution.You have the following end of year cash flows: Y0 = $400 Y1 = $300 Y2 = $200 Y3 = $100
Assume there is no foreign trade and the economy is in equilibrium. If actual investment is greater than desired investment then it is most likely that?
Determine how you can improve skills in the four general topics that you selected. Point out the areas within each of the skills sets you have named in which you are strong and those in which you could improve.
Illustrate what extent should managers base their plans on the assumption that customers and suppliers are self-interested.
The amount by which a firm's revenue will increase as a result of hiring one more worker is called the marginal revenue product of labor. Would a firm hire another worker if the marginal revenue product of labor exceeded the market wage rate? Why ..
Suppose that the unemployment rate is 6.5% and current-dollar GDP is $1,45 billion. Using Okun’s Law, what would be the potential GDP number corresponding to a natural unemployment rate of 5.5%? What would be the dollar value of the recessionary gap
Assume the elasticity of demand for chewing tobacco is .60 and the elasticity of supply is 2.30. Suppose an anit-chewing tobacco campaign decreases the demand for chewing tobacco by 18%. The equilibrium price of chewing tobacco will decrease by ..
Media Magic is a media design firm located in Kansas City, MO. Fifteen employees work to create advertising graphics, to develop web page branding, and to create fliers and other advertising materials.
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