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You are a manager in a perfectly competitive market. The price in your market is $45. Your total cost curve is C(Q) = 10 + 2Q + .5Q2 and MC = 2 + Q.a. What level of output should you produce in the short run?b. What price should you charge in the short run?c. Will you make any profits in the short run?d. What will happen in the long run?
Illustrate can the oligopoly market structure make profit for both consumers and businesses by forging common standards in industries that experience rapid technological change.
Explain how will the market restrain economic freedom. Explain how will society produce goods and services at lowest cost.
Assume that we care about the average welfare of individuals in Indian villages, i.e., we put equal weight on each individual's utility.
Illustrate what is value (in millions) of Trumbull's equity if it is viewed as an option. Illustrate what is yield on Trumbull's debt.
Illustrate the solution graphically using Labor Supply / Labor Demand and Production Function diagrams.
If the nominal social discount rate is 7% and the rate of inflation is currently stable at 2 percent, should the city build either facility.
Assuming that wheat and barley both sell for $1, and income is $20, compute the price elasticity, cross price elasticity and income elasticity for wheat.
compute the cost of the company's retained earnings. if the floatation cost per share of new stock is $4, calculate the cost of issuing new common stock.
The electric power industry is held up in the article as an example of a natural monopoly. Brainstorm other examples that can be readily identified in the present market economy.
Elucidate why we still say that raising cattle is land intensive compared with farming wheat or why not.
If you match up pairs of buyers and sellers so as to maximize the total surplus of all transactions, what is the largest total surplus that can be achieved.
Assume that at price index of 154, the quantity demanded of Real GDP is 9,000 billion worth of goods and services. Elucidate do these data represent aggregate demand or a point on aggregate demand curve.
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