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At the competitive market equilibrium A.The size of the external cost is Pm-P0 B.The size of the external benefit is Pm-P0 C.The size of the external cost is Pn-P0 D.The size of the external benefit is Pn-P0.
Sally gets pleasure from good Y but gets no pleasure from good X. Tim gets no pleasure from good Y, but gets pleasure from good X. Draw indifference curves in an Edgeworth Box (place Sally's origin at the lower left and place good X on the horizontal..
A profit-maximizing monopolist faces a downward-sloping demand curve that has a constant elasticity of -4. The firm finds it optimal to charge a price of $24 for its output. What is its marginal cost at this level of output?
assignmentnbspa television station is considering the sale of promotional dvds. it can have the dvds produced by one of
Identify which of the following statements is always true for a natural monopoly as the number of units produced (output) increases.
A revolutionary new computer chip will be brought to the market in 6 months that will decrease the price of computers by 50%. Draw a graph and explain.
In pure competition-marginal revenue
The inverse demand function for lemons is defined by p=120-11q, the inverse supply is defined by p=8+3q.in the past there was no tax on leons but now a tax of $84 per crate
Questions for the Anna Hakansson case study: What is your opinion of the manner in which Anna Håkansson prepared for her business trip? Could she have done a better job here? If so, how? What can Håkansson do to minimize the creation of stereotypes a..
Suppose the equation for the demand curve for some product (X) is P = 8 - .6Q and the supply curve is P = 2 + .4Q. What is the equilibrium price and quantity? Now, suppose an excise tax is imposed on good X such that the new supply equation is P = 4 ..
Over the course of this month he has to deliver to 50 spots. To do this job he has 4 possible combinations of output that he can use
q.given the demand function of a monopolistq 100 - pand the cost function faces himherc 100 80 qa. find out
Suppose In-N-Out burgers sells only burgers, and that P and Y are the price and quantity of burgers sold. In-N-Out revenues R are given by R=P.Y. Finally, suppose P grows at 1% and Y grows at 2%. Given this information you can say that revenues grow ..
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