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A firm faces the following inverse demand equation for the commodity it produces: P = 100 – Q where P represents the price/unit of the commodity it produces and Q represents the level of output produced. The cost structure of this firm is summarized by the following Total Cost function: C = 1/3 Q3 – 7Q2 + 115.75Q + 20 where C represents the Total Cost of production. f. What are this firm’s maximum benefits (profits)? a. What is the firm’s Total Revenues function?
If a second McDonald's franchise, Mac Junior, was to move into Obscure City. Elucidate what is the market price that would prevail at equilibrium in a Cournot oligopoly.
A 25-year-old engineer is opening an individual retirement account (IRA) at a bank. Her goal is to accumulate $1 million in the account by the time she retires from work in 40 years. The bank manager estimates she may expect to receive 8% APR, compou..
determine the breakeven output and total sales revenues. determine the output that would generate a total profit of $60,000 and the total sales revenues at the output level (Do not draw chart)
Vending machines are a popular form of non-store retailing. Why? What types of products have been successfully introduced in such machines in the past ten years or so? And why? Which ones have failed and why?
Illustrate what is the airline's profit-maximizing fare? How many passengers does it carry per week, using how many flights.
Illustrate what fiscal policies also monetary policies would be appropriate at this time. You must use at least one article. Use references also APA.
How do you suppose that a thematic study of literature, music, and art might enable a person to become a well rounded and well educated leader in his/her own realm of influence and help him/her to relate to his/her public and private life?
For the year 2014 the imaginary nation of Freedonia had a population of 2,800 and real GDP of 16,800,000. In 2015 the imaginary nation of Freedonia had a population of 2,700 and real GDP of 15,390,000. The growth rate of real GDP per person between t..
Describe key components of Biblical view of work. What are ramifications for business ethics? ; For personnel function in organizations? ; For the economy? Give one or two examples
Suppose that there is an increased confidence of the economy, shared among the economic agents: the representative consumer becomes optimistic of the economic performance and therefore, is willing to consume more, given his/her own income. determine ..
As wages increase for Apple Workers, what happens to the price and quantity of iphones? As the price of drone phones decrease, what happens to the price and quantity of iphones? If the government taxes cell phones, what happens to the price and quant..
Ellen and May can produce two goods in a day, breakfast bars and frog food pellets. In a single day, May can make 10 breakfast bars or 30 frog pellets
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