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A monopolist with a straight-line demand curve finds that it can sell two units at $12 each or 12 units at $2 each. Its fixed cost is $20 and its marginal cost is constant at $3 per unit. (A) Draw the MC, ATC, MR, and demand curves for this monopolist. (B) At what output level would the monopolist produce? (C) At what output level would a perfectly competitive firm produce?
If the government wanted to achieve the same change in GDP as in part 8 by cutting taxes instead of increasing spending, how large would the tax cut need to be.
What he didn't foresee was that number of T-shirt stores in South Padre would jump from roughly 10 to 40 within two years. Now he laments.
Illustrate what should be the production level if fixed costs rose to $50,000 per month. Explain.
She put her savings into mutual fund that paid a nominal interest rate of 7 percent a year. CPI was 165 at beginning of year and 177 at end of year. Illustrate what was real interest rate that Sally earned.
Is the equilibrium price higher or lower, or is the change indeterminate. Is the equilibrium quantity higher or lower, or is the change indeterminate.
Illustrate what price should the firm charge to realize the targeted profit. Illustrate what would be its (cost-based) markup ratio.
The Economic impact of the Baby Boomers on the US economy? prepare a paper and present it in the class by a powerpoint. Please use scholarly references and statistical data to support your argument
find out that the exchange rate for your U.S. dollar has decreased relative to the euro. If you were a U.S. citizen or resident, are you pleased.
What are the factors that affect pay differentials? How does each factor increase or decrease relative wages?
The rule for maximization set forth in the text contradicts some honored traditional principles such as 'never give up' . Anything worth doing is worth doing well, or waste not, want not' explain the contradiction for each of these rules.
How does stakeholders' satisfaction affect triple constraint. What would you do to prevent changing project requirements that might lead to scope creep.
Illustrate what recieves goverment subsides that are in place to protect the population rather than for economic reasons.
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