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The monopolist’s demand function is P = $405 - $5Q, its average cost function is AVC = $20+$0.5Q, and its fixed costs are $6,000 per hour. Calculate the monopolist’s profit maximization output, price and its hourly profit. Calculate the elasticity of demand at its profit maximizing output.
Plot the wage- setting and price setting equation or a property labelled graph and identity the nature rate of unemployment.
The highest valued alternative sacrificed as a result of a choice is: Answer the opportunity cost, which can be objectively measured by anyone. the opportunity cost, which can only be subjectively measured by the individual who chooses.
Discuss and estimate the price elasticity of demand for a good or service of your company, or a company of interest to you
Explain how does the Federal Reserve accomplish these goals.
Briefly discuss the methods traders use in attempting to evade the difficulties they face in markets that involve "Lemons".
Suppose a recent and widely circulated medical article reports new benefits of exercise. Simultaneously, the price of the parts needed to make bikes falls. What is the likely effect on the equilibrium price and quantity of exercise bikes sold
Suppose the total benefit derived from a given decision, Q, is B(Q) = 25Q - Q^2 and the corresponding total cost is C(Q) = 5 + Q^2, so that MB(Q) = 25 -2Q and MC(Q) = 2Q.
There are several ways that mutual funds can generate returns for investors. Compare and evaluate these different types of income and evaluate their tax effect.
What is average fixed cost when 150 units of output are produced?
You are trying to decide whether to buy some laptop computers for your business in either Canada or in United States. Looking at identical machines on the Dell Canada and the Dell US web sites, you find that they sell for US $2000 (US dollars) in ..
The demand for watermelons is highest during summer also lowest during winter. Yet watermelon prices are normally lower in summer than in winter.
Explain the antitrust laws in the US stricter also more comprehensive compared to those of other industrialized country.
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