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Given the following: P = 1000 - 10Q and TC= 10,125 + 100Q + 5Q2
where P is the product price and Q is the output level A. Given we have a monopoly due to a patent, determine the profit maximizing output level, the monopoly price, and economic profits. Solve and show graphically.
B. Assuming we have lost our patent but that the cost curves are the same now that we are a firm in perfect competition in the long run, determine the profit maximizing output level for the FIRM in perfect competition, the price and economic profits. Solve and show graphically
the discussion board db is part of the core of online learning. classroom discussion in an online environment requires
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What is the future worth of a series of equal monthly payments of $5,000 if the series extends over a period of six years at 9% interest compounded?
Japanese GDP in 2010 was 480 trillion yen while U.S. GDP was $14.5 trillion. The exchange rate in 2010 was 87.8 yen per dollar. Japan had higher prices than the United States: the price level in Japan (converted to dollars) divided by the price level..
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