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A firm faces a demand function per day of
P = 29 - 2Q
And a total cost function of
TC = 20 + 7Q
a) Calculate the profit-maximizing price, output, and profit levels for this firm if it is not regulated.b) If regulators set the maximum price the firm may charge equal to the firm's marginal cost, what output level will be produced and what will be level of profits?c) If regulators seek to equate total costs (including a fair return to invested capital) with total revenues, what output level will be produced and what price will be charged?
Explain how does each of the following affect the aggregate demand curve?
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Field discusses the key threats to sustainable management of forests and agricultural resources. First summarize these threats. Then,
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The Mor Tex Company assembles Garments by hand even though a textile machine exists that can assemble garments faster than a human.
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