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A company is practicing 1st degree price discriminaiton. The demand for the company's product is defined as QD = 20-2P. If the firm maximizes profits by selling 4 unites of output and the product is infinately divisible what is the company's total revenue?
Describe any two causes of economies of scale or diseconomies of scale. How is the U shape of long run ATC different from U shape of the short run ATC
How large of a tax-induced value raise would it take to decrease cigarette consumption by 20%? And Find the factors responsible for difference in elasticity.
The company faces a market price of $15. Algebraically calculate the profit maximizing output and the level of optimal profit for the company.
Assume that, prior to other company's entering the market, the maker of a new smartphone earns $100 million per year. By reducing its price by 50%,
Let the production function be given through, Assume the plant size (K) is fixed in the short run at 100.
Using the data in the following table, Complete the last two columns by replacing the * with the correct values and create the following curves in one chart.
Monopoly with two production plants and cost functions of C1 = 50 + 0.1 Q1^2 and C2 = 30 + 0.05 Q2^2. Compute the profit maximizing level of output
List three characteristics of an economists, a scientist and thee characteristics of an economist as a policy adviser.
A company has the following short run demand and cost schedule for a particular product; Estimate the firm's profit-maximizing Quantity, Price, and economic profits or losses.
As a kid, you recorded the costs of your Kool-Aid stand and create your long-run average-cost curve. Now you work in a video chip company.
Suppose Amanda Herman finds that her total spending on compact dics remaing same after price of compact fall, other things equal.
Assume that a stock price has an expected return of 16% per year and a volatility of 30% per year. When the stock price at the end of a certain day is $50,
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