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"The Kinked and the monopolist demand curves are the same" Explain! c) The cost function for a firm is given by TC = 6,000 + 12.5Q. The firm sells output in a perfectly competitive market and other firms in the industry sell at a price of P = 25 - 0.5Q.
(i) What level of output should be produced to maximize profits? (ii) The firms have colluded to form one firm, what is the profit maximizing price? (iii) Compare and explain the different profit maximizing levels
1. consider the production functionwhere q is total output k is the amount of capital used and l is the amount of labor
explain market equilibrium under monopolistic competition. why does price charged by typical firm exceed minimum
In the economic theory of the company, we generally discuss only 2-factors, labor and capital, and in short run labor is variable factor and capital is the fixed factor of production.
Suppose that unusually hot weather causes the demand curve for ice cream to shift to the right. Why will the price of ice cream rise to a new market-clearing level?
Cougar Telemarketing is considering establishing a call center. The initial cost will be $2,750,000 with a $27,500 market value any time within a 13-year period. The fixed cost of the center will be $833,400 per year with an average variable cost of ..
1. the following table shows the number of calculators that can be assembled per week by various numbers of
Consider a perfectly competitive market with (inverse) demand of P = 90 - 3Q and supply of P = 10 + Q. Decide the equilibrium price and quantity. Compute consumer and producer surplus. What is the marginal cost, MC? What is the average cost, AC?
In Marissa’s calculus course, attendance counts for 5% of the grade, quizzes count for 10% of the grade, exams count for 60% of the grade, and the final exam counts for 25% of the grade. Marissa had a 100% average for attendance, 93% for quizzes, 86%..
write a 1400- to 1750-word paper on essential communication in a community crisis situation described in the
Whether programs with offensive features can appeal to the squeamish
a consummer has a revenue of i dollars. the prices of x and y are px and py. the utility function of the consummer is
If they pursue this policy, what happens to the amount of investment in the economy? Graph a AD/AS model with sticky wages AD/AS model and explain with words how the Australian government with the help of the Reserve Bank could increase government sp..
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