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ABC Technologies, Corporation, enjoys an exclusive patent on a process to atomize gasoline with platinum in combustion engines, producing substantial gains in miles per gallon. Total and marginal revenue relations for the process are:TR = $250Q - $0.001Q2MR = MTR/MQ = $250 - $0.002QMarginal costs for the process are stable at $150 per engine. All other costs have been fully amortized.
1. As a monopoly, calculate ABC's output, price, and profits at the profit maximizing level.
2. What price and profit levels would prevail following expiration of copyright protection (assume that perfectly competitive pricing would result)?
Illustrate what interest it should be used in project analysis calculations.
Elucidate how might raise the chance that the employee would retire earlier as compared with the situation where the employee had to pay for his own health insurance.
GDP per capita in a nation like Switzerland can have a low GDP per capita also still have a high standard of living.
Profit by having physicians available in case we need them. Therefore, the government should subsidize medical education.
Discuss and explain perfect competition and long-run equilibrium. Provide detailed descriptions, definitions and concrete examples of your findings.
Explain how much of input 2 does it use. Illustrate what is the most that it is willing to bribe an inspector to allow it to use another unit of input 1.
Assume you flipped an honest coin 10 times and heads came up 8 times.
Problem based on Utility Function - Problem, Answer and explain the following using a diagram which is completely labeled.
To maximize total income should the price be increased or decreased
Illustrate what does the report say about the corporation view of future business challenges and the market in which it operates.
Find out at least two sources to help you solving the subsiquent questions about the air line company.
Suppose that American households change their tastes such that they want to save more at every level of income.
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