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A pure monopolist determines that at the current level of output the marginal cost of production is $2.00, average variable costs are $2.75, and average total costs are $2.95. The marginal revenue is $2.75. What would you recommend that the monopolist do to maximize profits?
Assume United States can produce Toyotas at the cost of $8,000 per car and Chevrolets at $6,000 per car. In Japan, Toyotas can produce at 1,000,000 yen and Chevrolets at 500,000 yen.
The pharmaceutical industry often has the luxury of implementing pricing strategies that appear high to consumers. Take a position on the fairness of the industry's approach to pricing pharmaceutical products including offering an alternative stra..
Outline a micro-economic reform issue that is relevant to the Australian economy market and how successful do you think these reform measures were and say why referring to some data or research that has been performed.
Edward the entrepreneur takes two hours to cut a lawn, and he cuts 1,000 lawns per year, he use solar powered equipment thw will last forever and can be sold for $20000. the interest rate is 10 perent given his current output level, compute his margi..
What is the main research question(s) asked by the paper? Why should we care about this question? How does it t into the literature in economics of history?
during the energy crisis of the 1970s and again in the last 5 years congress bemoaned the price gouging and
1. which industry is more highly concentrated one with a herfindahl index of 900 or one with a four-firm concentration
You do not need to provide actual numbers; rather, show on the price axis where the price would be before the externality is considered and the price after the externality is included. What problems might exist in determining this new, externality..
If you receive a free ticket to a concert, what, if anything, is youropportunity cost of attending the concert How does youropportunity cost change if miserable weather on the night of theconcert requires you to leave much earlier for the concert ..
your company manufactures a high-efficiency natural gas furnace. the current price is 2000 per unit. the price
Consider an economy that abides by the classical mode. The production function is unspecified, but we know that the Theory of Distribution (ToD)[W/P=MPN] holds. Suppose there is adrop in the level of capital.
the quality of organizational decision making ultimately depends on innovative responses to opportunities and threats.
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