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A medical device company has a monopoly on a certain class of cardiac implants. Demand for the implants is given by P=28000-5Q and marginal revenue is given by MR=28000-10Q. The total fixed costs for the implants division is 50000 and the marginal cost is given by MC=6000, so TC=50000+6000Q. Calculate the profit-maximizing quantity and price.
Discuss how the distribution of income among various groups of income earners have changed in this country during the past 50 years. In your opinion, do we need to initiate any policy to address the distribution of income?
q1. besides elections and campaigns do the major political parties influence public values and ideas? do you think
Illustrate what would the new price also output in the market be. Illustrate what would the new level of output for the typical firm be.
The demand for bread will fall if more Americans go on a low diet. The cost of bread will fall due to the decrease in the demand for bread.
Elucidate the impact does the dollar appreciation have on the firm's international competitiveness.
q.the production department of a firm reported the following information for the month of may 2005.rs. wage bill 20000
explain how much the minimum wage was, employers would still be more likely to pay it.
Illustrate what price should firm charge to realize targeted profit. Illustrate what would be its (cost-based) mark-up ratio.
Calculate the percentage change in nominal GDP, real GDP also the GDP deflator in 2002 also 2003 from the preceding year.
If the doctor wishes to maximize her profit, elucidate how many nose operations she should perform each month.
Briefly discuss the impact of rational self-interest on each of the following decisions. Whether to attend college full time or enter the workforce full time.
Suppose a woman marries her butler. After they are married, her husband continues to wait on her as before, and she continues to support him as before (but as a husband rather than as an employee). how does the marriage affect GDP? how should it a..
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