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The cost functions of a competitive firm are: TC = 40 + 2.5Q2. The marginal cost function is MC = 5Q. There are currently 200 identical firms in the industry. The demand function is P = 16000/Q
Find the market equilibrium price and quantity. Explain.
Calculate the profit of a firm at the point of equilibrium. Is this long run equilibrium? Explain.
A new regulation requires each firm to pay an annual license fee of $22.50. Find the market equilibrium price and quantity after the implementation of tax. (Distinguish between short run and long run equilibrium) Explain.
Suppose that instead of an annual fee, the government imposes a tax on the consumption of this product. The tax $t per unit. Show graphically the market equilibrium price and quantity after the implementation of the tax. Explain. (Distinguish between long run and short run)
The City library in Amritsar has several private study rooms which are freely available to clients.
q. without trade the united states produces 45000 units of clothing and 150000 cans of soda. without trade brazil
The market labor supply curve is
The 2011 yield curve indicates that the interest on the national debt could be cut drastically by financing the debt with short-term, one- year bonds. the savings was huge since the short-term interest rate was at the lowest point it had been in over..
this leads to an increase in demand for apple sauce from 100 to 140 jars, what is the cross price elasticity of apple sauce and pork chops at a pork chop price of $6?
Describe in one short paragraph what the Leontief input-output model in Economics is about. State the meaning of the variables. The solution involves an inverse. State this inverse.
Think of ways in which the Government is actively involved with the purpose of changing the economy with regard to unemployment or inflation (or deflation). Do you agree that the Government ought to be involved? Why or why not?
If there were 2 million unemployed Thailand had a job-finding rate of 15% per month, how many people would lose jobs each month.
Suppose when you are 21 years old, you deposited $1000 into a bank account that pays annual compound interest, and you do not withdraw from the account until your retirement at the age 65, 44 years later. How much more will be in your account if the ..
ou are going to buy a new car worth $24,500. The dealer computes your monthly payment to be $514.55 for 60 months of financing. What is the dealer’s effective rate of return on this loan transaction?
q1. qd 8000 - 16p 1.75 m 30 pgifm 30000 also pg 50illustrate what is the constant term if the equation for the
Discuss which economic relationships you have studied up until now (not just in this class, but in all your economics classes) could be estimated using the simple linear regression model as well as the information you would need to estimate such a re..
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