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Q1. Assume that in the preceding problem, the government levies an excise tax of $5 per dose on the monopolists. Illustrate what would happen to the monopolists' profit-maximizing output and price? Illustrate what would happen to consumer and producer surplus? Explain how more money would the government collect due to the tax? Illustrate what would be the size of the resulting deadweight loss relative to the competitive outcome?
Q2. Assume you elasticity of demand for your parking lot spaces are -o.5, and price is $20 per day. If your MC is zero, and your capacity at 9 A.M. is 96% full over the last month, are you optimizing?
Elucidate the common kinked-demand model. In the oligopolist's marginal-revenue curve, elucidate the reason for gap. In this model explain how does price rigidity in oligopoly.
Calculate a marginal cost as well as an average cost schedule for the firm.
Elucidate relationship among production curves average product and marginal product also cost curves average variable cost, average total cost and marginal cost.
If the returns of the risky portfolio are normally distributed, what is the probability of returns being less than 29%.
When and where did modern economic growth first happen. What are the major institutional factors that form the foundation for modern economic growth. What do they have in common.
The mission must comprise APA format references on the final slide and in-text references on the slide where information is presented.
Suppose the legislature enacts minimum wage legislation in order to provide workers with a "living wage.
How would equal educational achievement and equal income.
By what percentage do the total assets decline by bank. By what percentage does the bank's capital decline. Illustrate which change is larger.
Assume the price elasticity of demand for heating oil is 0.7 in the long run also 0.2 in the short run.
The fact that a percentage of the interest income paid by one corporation is excluded from taxable income has encouraged firms to use more debt financing relative to equity financing.
Alchemy allows the other firms to sell as much as they wish at the established price and supplies the remainder of the demand itself.
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