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The demand for a good produced by a firm has been reliably measured by P = 100 - 5Q, output Q is measured in thousands of units. If the total cost function is given by: C = 10Q, what is the optimal level of output produced by the monopolist?
for each level of output calculate this manufacturers marginal cost mc for convenience place the marginal cost between
What is the growth rate of real GDP - what is the change in the real rate of interest and nominal rate of interest?
In the 1990s, five firms supplied amateur color film in the United States: Kodak, Fuji, Konica, Agfa, and 3M. From a technical viewpoint, there was little difference in the quality of color film produced by these firms, yet Kodak's market share wa..
The market for taxi services in a Midwestern town is monopolized by firm 1. Currently, any taxi services firm must purchase a $40 thousand "Medallion" from the city in order to offer its services. A potential entrant (firm 2) is considering enteri..
What do economists mean when they say that the price system (free markets) promotes economic efficiency? When are free market arrangements "inefficient" from an economic point of view Why is income inequality "efficient" from an economic point of ..
Why were those who took out hybrid loans at far greater risk of foreclosure when the Fed began raising interest rates and how are each of the following events likely to affect the value of the dollar relative to the euro?
"We have too many hotels in this town already. Statistics show that vacancy rates average 20 percent on any given night." Assuming this is correct, evaluate his negative assessment of the situation in terms of business-stealing and product-variet..
Examines the impact on international security, politics, and global trade. Analyzes the effects in terms of risk factors for humanitarian dimensions of affected nations and peoples.
A financial advisor at Diehl Investments identified two companies that are likely candidates for a takeover in the near future. Eastern Cable is a leading manufacturer of flexible cable systems used in the construction industry, and ComSwitch is a ne..
How would each of the following affect the firm's marginal, average, and average variable cost curves?
How has the U.S. government debt changed since 2006? What are the sources of the change in U.S. government debt? What would be a "credible business plan" for the government to adopt?
Evaluate the following: The laws of supply and demand cannot apply to the labor market because labor is not a commodity to be bought and sold like machines.
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