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A profit-maximizing monopoly faces an inverse demand function described by the equation p(y) = 50 - y and its total costs are c(y) = 10y, where prices and costs are measured in dollars. In the past it was not taxed, but now it must pay a tax of 2 dollars per unit of output. After the tax, the monopoly will...
a) leave its price constant.
b) increase its price by 2 dollars.
c) increase its price by 3 dollars.
d) increase its price by 1 dollar.
e) none of the above.
select a product that you use frequently. research the company that produces this product as well as the general
The market represented in exhibit above is allowed to operate freely, find the total employment in the market and total employment by the firm
Are e-books and textbooks complementary or substitute goods?
how many years will it take the dollar's purchasing power to be one half what it is now. if the general inflation rate is expected to continue at rate of 6% for an indefinite period
One of the partners favors moving downtown because she believes the aditioanl business gained by moving downtown will exceed the higher rent at the downtown location plus the cost of making the move. The other partner at PBS opposes moving downtow..
the cost function of a competitive firm is tc250.01q2 and the corresponding marginal cost function is mc0.02q.a how
In Rolling Stone magazine, several fans and rock stars, including Pearl Jam, were bemoaning the high price of concert tickets. One superstar argued, "It just isnt worth $75 to see me play.
Identify the part of the business cycle that is characterized by: The economy is at full employment. The growth rate of aggregate demand exceeds the growth rate of aggregate supply. Recession. Recovery and non-inflationary growth.
The box industry was perfectly competitive. The lowest point on long run average cost curve of each of identical box producers was dollar four, and this minimum point occurred at an output of 1,000 boxes every month.
Five Companies sell pez candy and differentiate in terms of customer service and flavors
Small firms can discover the abilities of their workers more quickly than the large ones because they can observe the workers more closely at a variety of tasks. Does it then make sense for people with high abilities to go to smal firms.
Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. The market value of the building is $100,000. She pays $30,000 per year for flowers and other supplies
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