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1. A monopoly firm maximizes its profit by producing 500 units output (so Q = 500). At that level of output, its marginal revenue is $30, its average revenue is $40, and its average total cost is $34. At Q = 500, what is the firm's total cost?2. A monopolist faces market demand given by P = 60 - Q. For this market, MR = 60 - 2Q and MC = Q. What price will the monopolist charge in order to maximize profits?
Suppose that the economy is thought to be 2 percent above potential (that is, the output gap is 2 percent) when potential output grows 4 percent per year. Suppose also that the Fed is following the Taylor rule, with an inflation rate of 2 perce..
Think a country that initially consumes one hundred pairs of shoes per hour, all of which are imported. The value of shoes is $40 per pair before a ban on importing them is imposed.
Determine how the following situations will affect the demand curve for ipods.
What is the amount of money that will be raised and invested and what is the profit maximizing price that Joe should charge for his services?
1. aspen inc. is a manufacturer and distributor of digital recording decks for commercial recording studios. revenue
What is predatory behavior What does it mean to sell below cost How might predatory behavior be camouflaged in advertising or some other action by the firm When might selling below costs as you defined it
1 a significant difference between monopoly and perfect competition is thata. free entry and exit is possible in a
Presume a country can produce a maximum of 5,000 jumbo airliners or 1,000 aircraft carriers. What is the opportunity cost of an aircraft carrier? What is the implied price of the carrier in trade?
1. the difference between a perfectly competitive firm and a monopolistically competitive firm is that a
At the end of the year, you discover that the catch was low and that fish prices had increased to $5.00 per pound, but fruit prices stayed at $1.50 and meat prices had actually fallen to $2.00.
Debra usually buys a soft drink when she goes to a movie theater, where she has a choice of three sizes: the 8-ounce drink costs $1.50,the 12-ounce drink $2.00, and the 16-ounce drink $2.25.Describe the budget constraint that Debra faces when decidin..
You're the manager of monopolistically competitive firm. The present demand curve you face is P=100-4Q. Your cost function is C(Q)=50+8.5Q2 (That's Q squared).
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