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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.
Illustrate what is Ricardian equivalence. Mention and explain three reasons why Ricardian equivalence might not correctly describe an economy.
Find out change in government costs under subsidy policy. Find out change in government income under tariff policy.
q1. if capital is measured on the vertical axis and labor is measured on the horizontal axis the slope of an isoquant
A binding price ceiling...
Discuss which key concepts and topics in this course have made you a stronger candidate to enter the business world.
Constant returns to scale are associated with a:
Determine the equilibrium price and quantity. Outline the significant factors that could cause changes in supply and demand for the product
q.you are given the following information about an economy c 0.80di i 200 g 500 x-im -30 t 14y.1. find equilibrium
Using graphing function on TI-83/84 Explain how price supply and demand are equal. At this price, explain how many tickets will be supplied and sold.
A firm will have constant profits of $100,000 per year for the next four years, and the interest rate is 6 percent. Assuming these profits are realized at the end of each year, what is the present value of these future profits?
How can fiscal policy create jobs? Discuss Can the government make things worse by intervening in markets? Are there other options outside the markets and government that will fix macroeconomic failure? Discuss
The owner of a corner lot wants to find a use that will yield a desireable return on his investment. If the owner wants a minimum attractive rate of return on his investment of 15%, which of the two alternatives would you recommend?
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