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3. Analyse the two following situations for forms in competitive markets: a) suppose tha TC =100 +15Q, where TC is total cost and Q is the quantity produced. What is the minimum price necessary for this fi to produce any output in the short run?
Suppose that MC=4Q, where MC is marginal cost. The perfectly competitive form maximizes profits by producing 10 units of output. At what price does it sell these units?
q1. connie and stephen must decide how to split a pie. suppose both of them simultaneously formulate demands x and y.
Using the regression results and the other computations from Assignment 1, determine the market structure in which the low-calorie frozen, microwavable food company operates.
Would Boeing's margin likely rise or fall if the yen then depreciated as well as competitor prices were unchanged.
Compute the resulting utility if the population were on million higher and one million lower than the optimum.
show mathematicallt whether the mardinal utility for (X1) and (X2) is increasing or decreasing. Find the Marginal rate of substitution for the indifference curve generated by the utility function.
Provide one quote and its context for both a positive and normative statement. Evaluate the statement choices of your fellow students.
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."
You are manager of BlackSpot Computers, which competed directly with Condensed Computers to sell high-powered computers to businesses. Explain how will impact BlackSpot bottom line.
Find the predicted compensation with the productivity of 100. What is the residual for the observation of the base year, 1992?
q1. explain the role culture may play in influencing entrepreneurship both at the individual and social level. define
Explain a situation in which the outcomes of classroom experiments deviated from standard economics theory. What insights were learned from these outcomes and how are they incorporated into the standard theory they attempt to model?
Be sure to include an analysis of the stages of production and describe why of the three stages, only one stage is rational for the firm.
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