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A firm is a monopoly with demand and cost functions given by P = 200 - 2Q and C(Q) = 2,000 + 3Q2 respectively. Show your computations.
a. Show the equations for MR and MC.
b. Compute the profit maximizing quantity.
c. What is the price at the profit maximizing quantity?
d. Compute total revenue.
e. Compute total cost.
f. What are the profits?
You are to be part of a panel of three local person considered to have experience in international business.
Describe three problems of using fiscal policy to achieve a precise level of GDP and why is frictional unemployment inevitable in an economy characterised by imperfect job information and non-zero job-search time?
Instead of attending class, you could have either flipped hamburgers for $8 an hour or waited tables for $5 an hour. Given this information, the opportunity cost of attending each class session is:
Differentiate between personnel management and human resource management. Let the distinction be as specific as possible.
Which of the following nation would you expect to have intertemporal production possibilities biased toward current consumption goods, and which biased toward future consumption goods.
the principal-agent problem occurs if the manager ceo is not present to monitor the worker manager. how can she get the
Discuss the factors that determine the marginal cost of reducing crime. Discuss the factors that determine the marginal benefit of reducing crime. Would it be economically efficient to reduce the amount of crime to zero
If so, is this behavior a natural consequence of technological advancement and structural unemployment? If not, is Corporate America operating under the principle of "Profit Maximization"?
The government spends $3 billion to buy police cars. Explain why aggregate demand might increase by more than $3 billion. Explain why aggregate demand might increase by less than $3 billion.
A bank is considering building a branch on a piece of property it already owns. Which of the following cash flows should not be considered in the capital budgeting analysis? The: $50,000 the firm will forgo in lost revenue from the sale of the pro..
decisions how indusrtry make important decision with so much economical unrest.
an excise tax may be imposed on a commodity in order to raise revenue for the government or in order to reduce the
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