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What should be the marginal cost of a monopoly firm selling textbooks to students in a small town and is currently maximizing profit by charging a price of $48 a book and the elasticity of demand is 3/2?
the industry that this claim were untrue, what critical questions could you ask about the HHI used for the study
How vegetarians sometimes have trouble making sure they get enough protein in their diets.
Lee Inc, is considering a robot that will cost $6,000 to purchace. At the end of it 9 year life, it salvage value will be $1,000. The robot will need to overhauled in year 5 at a cost of $3,000. O&M costs per year will be $1,000. The robot will gener..
q. in class we discussed the idea that small farmers are sometimes price takers i.e. the price of wheat are set in the
If the company were to build the bridge, illustrate what would be its profit-maximizing price. Would that be the efficient level of output.
Critically analyze the pros and cons of putting a price ceiling on prescription medicine. Make sure to use concepts from the chapter in this unit such as government intervention, inefficiencies, price elasticity, etc. In the first case, assume the me..
Illustrate wwhat is the maximum net national loss that this could cause Canada. What is the minimum national loss if Canada is a small country that can not affect the world price.
A firm emits 30 tons of a pollutant, before the government begins to regulate it. The firm’s marginal abatement cost curve is given by: MAC = 10*A (A = “tons of abatement”) What is the firm’s total abatement cost? What is the firm’s total compliance ..
Suppose firms become very optimistic about future business conditions and invest heavily in new capital equipment. Show the short-run effect of this optimism on the aggregate-demand curve. Which of the following reasons could explain why the aggregat..
As vice president of sales for a rapidly growing company, you are grappling with the question of expanding the size of your direct sales force.
The most likely reason that oil prices spiked during 2007-2008 was because
Consider a simultaneous-move auction in which 2 players simultaneously select bids, which must be in nonnegative integer multiples of one cent.
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