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The market demand and supply conditions are given as follows. The individual demand is d: p = 20 - 10q. There are 10 identical consumers. Also there are 20 identical firms, each firm's marginal cost is, MC(q) = 5 + 5q. (1). Calculate the equilibrium price and quantity (2). If a monopolist owns the 20 identical firms, what would be the price and quantity produced? (3). Which arrangement (1) or (2) is good for the consumers? Why?
If there is a constitutional requirement to maintain a balanced budget, then during a recession when tax revenues are shrinking, the government will have to implement
question 1 suppose the expected market demand for tickets to the australian open golf tournament to be held in
If the demand schedule for Bong's book is Q = 2000-100p, the cost of having the book typeset is $9000, and the marginal cost of printing an extra book is $4, then how he would maximize his profits.
Joe enjoys fishing & goes out about 20 times per year. One day, Sara told him that fishing is too expensive of a hobby. She thinks he should stop going because she calculated that it costs about %28.75 for every fish he catches because he usually ..
What is shirking? If the managers of a firm are attempting to maximize its profits, will they have an incentive to limit shirking? How might they go about doing so?
A $90,000 investment is made. Over a 5 year period, a return of $30,000 occurs at the end of the first year. each successive year yields a return that is $3,000 less than the previous year's return.
A plastic surgeon thinks she can make more revenue by lowering the price of cosmetic surgery.If cosmetic surgery is an elastic service, is she correct in her assumption.
macroeconomic analysis is used extensively to analyze the potential impact of cities hosting professional sports teams
Allied company machines produces the output that it sells in the highly competitive market at the price of $100 per unit. Its inputs include two machines (which cost the firm $50 each) and workers
vetpharm has historically produced and sold drugs for animals however one of its products developed for animal use has
write a paper in which youexplain why government regulation is or is not needed citing the major reasons for government
what market structure best characterizes the market in which university of phoenix competes? how does this structure
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