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Assume that the marginal cost curve of an individual firm is MC = q/15 and the minimum average cost is 10. Derive the short run industry supply curve assuming there are N vegetable oil producers (Hint: Set MC=P, solve for q and then multiply the resulting expression by N). Then, assuming that industry demand is given by Q=4000-100P, calculate the equilibrium value of N in the long run competitive equilibrium.
Identify an organization that currently pursuing a Triple Aim and what are they doing, the capital cost, and patient experience, outcome, patient satisfaction,and how they are contributing to the health and community around them.
it is an important tradition in the santos family that that they eat the same meal at their favorite restaurant every
Consider a firm in a perfectly competitive industry with the following cost structure: VC (Q) = 10 Q2 + 50 Q, FC = 4000 and MC (Q) = 50 + 20 Q. If the market price is Pm = 40, in the short-run this firm will produce
Explain the relationship between the price elasticity of demand and total revenue. What are the impact of various forms of elasticity (elastic, inelastic, unit elastic, etc.) on business decisions and strategies to maximize profit? Explain using empi..
Find the optimal consumption bundle if m1 = 100, m2 = 88, and r = :2. Is the consumer a borrower or a lender? How much do they borrow or lend per period?
What is the underlying message of the following lyrics from Keynes? [Keynes] Public works, digging ditches, war has the same effect. Even a broken window helps the glass man have some wealth.
provide an intuitive explanation of the principal-agent problem and discuss any mechanisms used to mitigate the
Calculate the arc price elasticity implied by the initial response to Z-Best's price increase and calculate the effective price reduction resulting from the coupon promotion.
What are some ways you have encountered E-government in your life. What are the advantages and disadvantages for you? What might be some advantages and disadvantages for the government entities you listed?
What is the short-run effect on the exchange rate of an increase in domestic real GNP, given expectations about future exchange rates? i. Explain why exchange rate overshoots when money supply increases in the short run.
The price elasticity of demand for a particular cancer drug is equal to zero and the price elasticity of supply is equal to 0.50. If a $1 excise tax is levied on producers, how much of this tax will eventually be paid by consumers?
Wiley Coyote is thinking about funding his future roadrunner hunting endeavors. He has found a big pile of gold worth $2,000,000 and is thinking on investing it.
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