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Demand P (q)=100-2q Total Costs C(q)=10+20q. Calculate marginal cost for a firm in this industry. The marginal cost is graphed below, what is special or interesting about this marginal cost function? Verify the monopolist equilibrium is (Q=20,P=60). What is the perfectly competitive equilibrium? Calculate dead weight loss arising from the monopoly equilibrium.
How each of the following event is likely to affect GDP, Environmental laws prohibits the firms from emitting pollution, Strikes by trade unions and discovery of new seed increases farm harvest
Your state plans to adopt a tuition tax credit for college students. How would you estimate the revenue impact of this provision? How would the decisions to use static, micro-economic feedback, or dynamic approaches influence your estimate?
Using HD to denote hot drinks and T to denote temperature, we can express the idea that the amount of hot drinks that people drink depends on the temperature by the notation HD = HD(T).
These costs are depends on a budgeted volume of 80000 units developed and sold every year. Lafluer uses cost-plus pricing methods to set its target selling price.
Is this a good model for unemployment? What would you add to study the problem more completely? What assumption does this model make regarding unemployment
Why might you expect to see flat royalty payments in home-based franchises but revenue-based royalties in franchises that operate from commercial buildings HINT: Among the most popular home-based franchises are cleaning services offered to business..
you are given the following information. the current dollar-pound exchange rate is 2 dollar per pound. A u.s. basket that costs 100dollar would cost 120 dollar in the UK. For the next year , the fed is predicted to keep US inflation at 2% and the ..
you are the president of the united states and the economy is going into a recession. what fiscal policy would you
Explain how the prices of factors of production can affect the supply of goods/services.
Given the above information fill in the following payoff matrix where each entry indicates the number of points won (a positive numeric value) or points lost (a negative numeric value).b) Examine the payoff matrix you created in (a). Does Sue have a..
Describe the economic foundation of the U.S. healthcare delivery system
If the product is only a small part of your budget, it does not make that much difference if the price increases a little. But if it is a large part of your budget, like gasoline, it can make a big difference in how we respond! Elaborate.
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