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mb(Q0 = 100 - Q/1.2 mb(Q) = price per acre Q acres of habitat MC of preserving an acre of habitat is constant at $60,000/yr. How many acres (a public good) would be preserved in an economically efficient scenario?
How does your analysis of VMP change if the employer is a monopolist producer of its output but a price-taker in the labor market?
Johnny Appleseed has an orchard with 1000 trees. Each tree can either produce α pounds of apples or σ pounds of apple sauce. Using the symbols A for apple and S for apple sauce, find the equation of the PPF between A and S (use A as the depe..
profit maximization in short-runa jeans manufacturer hires workers to sew jeans in its factory and derives the
The Arena Corporation, which sells engines, has a uniform value of $500, which is charges all its consumers. But, after its competitors begin to cut their rates in the California market to $400, Arena decrease its price to $400.
Calculate the number of physicians, per thousand population in Canada, from 2002 to 2005. What conclusions can be drawn about the physician coverage of Canada's opulation?
if a firm wants to maximize profit it will try to minimize the cost of producing a given output or maximize the output
there is significant disagreement whether a dependable positive correlation relationship exists between incentive pay
The private marginal benefit for commodity X is given by 10 - X where X is the number of units consumed. The private marginal cost of producing X is constant at $5. For each unit of X produced, an external cost of $2 is imposed on members of socie..
1. assume nail mania advertises in the local newspaper. each day it advertises costs 100. over the past several months
chris has an income of 90 per month at allocate between goods a and b. initially the price of a is 3 and the price of
you take a position with a large real estate development company as your first job after graduation. your first big
If the merged firm were able to exploit economies of scale it would affect costs, may be even marginal costs. Assume the marginal cost of the merged firm was not 40, but 30. Is the merger profitable in this case?
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