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The White Company is a member of the lamp industry, which is perfectly competitive. The price of a lamp is $50. The firm’s total cost function is TC = 1,000 + 20Q + 5Q2 where TC is total cost (in dollars) and Q is hourly output.
What output maximizes profit?
What is the firm’s economic profit at this output?
What is the firm’s average cost at this output?
If other firms in the lamp industry have the same cost function as this firm, is the industry in equilibrium? Why or why not?
The base year is 2009. Real GDP in 2009 was $10 trillion (2009 dollars). The GDP price index in 2009 was 112, and real GDP in 2013 was $11 trillion (2009 dollars). Calculate nominal GDP in 2009 and in 2013 and the percentage increase in nominal GDP f..
u.s. trucking pays its drivers 40000 per year while american trucking pays its drivers 38000 per year. for both firms
q. as ceo of firm a you and your management team face the decision of whether to undertake a 200 million rampd effort
Given your research and findings, are monopolies and oligopolies (firms demonstrating power) always bad for society? Be sure to provide real world examples of where this may be the case to strengthen your position.
Markets can give a buyer everything a buyer needs to know about a product even though the buyer does not have the training to understand the specific knowledge needed to build or distribute the product.
the mining industry has been a major driver of economic growth in australia in the recent decade and currently accounts
During the working life, how do you graph that without knowing more information.
Suppose an individual is currently buying 10 CDs a year at a price of $10 (per CD). The price of CDs then goes up to $15 each but she simultaneously gets an after tax raise of exactly $ 50. Assuming NO other price changes, determine the well being..
Illustrate what should be the construction level if fixed costs rose to $48,000 per month?
A brewery is considering two potential production investments.
q.given the demand function of a monopolistq 100 - pand the cost function faces himherc 100 80 qa. find out
Explain how much he finishes up paying each provider every month. Explain how much customer extra he obtains with each provider.
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