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The semiconductor market consists of 100 identical firms, each with a short-run marginal cost curve SMC(Q) = 4Q. The equilibrium price in the market is $200. Assuming that all of the firm's fixed costs are sunk, what is the producer surplus of an individual firm and what is the overall producer surplus for the market?
A young man has decided to go into business at age 40. He wishes to accumulate BD 200,000 at that age. On his twenty fifth birthday he deposited a certain amount and will increase the deposit by 10% each year until the fortieth year. If the funds ..
Your company bid this contract with the promise to complete the job within 185 days. What is the probability of completing this project in that time frame? (Show your work.)
What are the causes of extreme poverty, and what policies have been most effective for improving the lives of the poorest of the poor?
Assume an economy with steady-state unemployment. The separationrate is 2.5% per month and the finding rate is 47.5% per month. Theadult population is 120 million workers and the labor-forceparticipation is 2/3. How many workers lose their jobs ea..
Inspect the shipping records documenting the merchandise sold to the debtors.
If a country is not specified, you can assume the action is performed in the United States.
During a recession, the hotdog project will earn $12,000.00 and the Champaign project will lose $8,000.00. If the alternative is earning $3,000.00 on government Treasury bill (T-bill), what should the manager do? Why?
Construct a base-case spreadsheet model to help analyze different order quantities. The primary output of interest is the total annual inventory-related cost, comprising total ordering cost and total holding cost.
Mensa's total cost of production, TC, is given by the equation TC = 5,000 + 5*q*q, where q is Mensa's output. Based on this equation, Mensa's marginal cost is 10q. If the output price is $100, what is Mensa's short-run profit maximizing output
Does the addition of the variable rate of population growth to this model help you explain anything that a simpler two-sector model with a fixed rate of growth, or a one-sector model with variable population growth, cannot?
In a paticular industry labor supply is Es=10+w and labor demand is Ep=70-3w where E is the level of employment and w is the hourly wage. A. what is the quilibrium wage and employment if the labor market is competitivie? What is the unemplotment rat..
In each of your examples, show how innovation and learning-by-doing are important to the dynamic increasing returns in the industry
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