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Rick sells hamburgers, facing no competition the demand for his burgers is: Q=1000-2P, where Q is the quantity of burgers sold per week and P is the price of a given hamburger. Suppose Rick’s monthly cost is given by: TC= 1000+100Q A. Rick hires Jack to advise him on the best price to charge for his burgers. Wishing to Max Rick’s profit, what should Jack recommend Rick to Charge? What will be rick’s weekly profit at this price? What is the value of the Lerner index at Rick’s profit-maximizing price? B. If the town government forced rick to produce at the perfectly competitive quantity, what would be Rick’s price and quantity, as well as profit? if this is assuming that rick is the only person in the market can the charge whatever he wants for a burger..
Explains how to set up a festival booth. Be sure to offer a clear heading that summarizes the task, use numbered lists if and when necessary, and do not mix instructions with
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Should government help the large banks and brokerage firms and "bail them out" of these bad loans? How much help should be given to borrowers who are in trouble with their mor
Using the sum-of-years digit method of depreciation, find the amount of depreciation to be charged off each year on an RV Camper purchased byan Account in Firm. The RV Camper
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Bert has an initial endowment of 10 units of food and 10 units of clothing. Ernie’s initial endowment consists of 10 units of food and 20 units of clothing. Represent these in
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