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Question: Sam can sell all of the output he wants at a price of $1000. He has the following cost function:
TC = 200,000 + 80Q + .08Q2
Calculate the profit maximizing quantity.
Calculate the maximum profits of the firm.
Graph the demand, marginal revenue, marginal cost and average cost functions.
Shade in the area that represents the profits of the firm.
What price will it charge - what is the monopolist's profit at this price and this quantity and What is the profit-maximizing output level in the paint market for bathroom?
What is the expected annual real depreciation consistent with interest parity?
Assume the market for jeans is perfectly competitive. For each of the following situations usethe methodology of comparative statics to draw the graph.
the demand function for einstein bagels has been estimated as followsqx -15.87 - 40.73px 84.17py 0.55ax where qx
suppose that a household in a two-period model has income of 30000 in period 1 and 25000 in perod 2 and the interest
How can governments identify good candidates for infant industry protection? Can you suggest some key characteristics of good candidates?
Prior to the imposition of the proposed excise tax what is the equilibrium price and quantity of electricity in this market? Show your work and make sure you include the units of measurement for both of your answers here
a new production technology for making vitamins is invented by a college professor who decides not to patent it. thus
Describe verbally what happens to the marginal product of labor as the level of labor usage increases in Sambia. Explain the intuition for this change in the marginal product of labor
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i) What is the opportunity cost of working the extra hour? ii) Even if it was not the law, why would firms find it necessary to pay overtime wages?
1. which of these economic variables is procyclical and coincident?consumer spending stock pricesthe government bond
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