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Q1. Suppose that a calculator company operates in a perfectly competitive marketplace producing 5,000 Calculators every day. At this output level, marginal cost exceeds the marketplace price. It follows that producing one more Calculator will cause this firm's:
Q2. The 3 demand schedules in the table below elucidate how Elucidate how many rounds of golf every year Lorena will demand at every price under 3 different scenarios. In scenario D1, Lorena's income is $50,000 every year also movies cost $9 every. In scenario D2, Lorena's income is also $50,000 every year, but the price of seeing a movie rises to $11. Also in scenario D3, Lorena's income goes up to $70,000 every year, while movies cost $11.
How many Argentine pesos would it cost given the new exchange rate you just calculated.
Suppose that there is a unit mass of consumers who are uniformly distributed on the segment[0,1]. Two firms are located on the line and sell identical products.
Excise tax is levied on the buyers of a good, then after the tax buyers will pay for each unit of the good.
All costs of exhibiting movies are fixed except for the $3.50 royalty payment you must make to the film distributor for each ticket sold.
Compare the competitive price charged and quantity produced under perfect competition and monopoly. Other than identifying the presence of only one producer under monopoly, why do we tend to see this differential.
Compare the consumption levels of workers in both countries. Explains the diversity between the countries.
Given the demand and cost conditions, what price, output and profits result in the short run? What will happen as the firm moves from the short to the long run
Describe, using complete sentences, at least three specific features which your ideal bank would provide to you.
Compute the resulting utility if the population were on million higher and one million lower than the optimum.
Suppose the government increases G to 1250. Compute private saving, public saving, and national saving and the new equilibrium interest rate.
ABC Company is considering a private placement of equity with XYZ Insurance Company.
Given a binomial random variable with n = 60 and p = 0.36 find the probability of obtaining between 25 and 35 successes inclusive, to three decimal places.
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