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Consider a monopolistically competitive firm with N firms. Each firms business opportunities are described by the following equations: Demand: Q = (100/N)-P Marginal revenue: MR = (100/N)-2Q Total cost: TC = 150+Q2 Marginal cost: MC = 2Q (a) How does N, the number of firms in the market, affect each firms demand curve? (b) How many units does each firm produce? (c) What price does each firm charge? (d) How much profit does each firm make? (e) In the long run, how many firms will exist in this market?
you have 10000 and your goal is to save as much money in five years in order to make a downpayment for a house. create
in the early part of the last decade there was an overproduction of coffee. the price dropped so low that producers
What interest rate does she need to get to be able to retired as desired and compounded semi-annually, how much should be deposited now?
Explain the law of demand. Why does a demand curve slope downwards? Distinguish between a change in demand and a change in quantity demanded.
what is meant by pattern review under managed care? why do payers conduct pattern review and what kinds of things might
Suppose that the required reserve ratio is 0.12 for deposits and d that there are no excess reserves. Suppose also that the total demand for currency is equal to 0.3 times deposits. If the monetary base is $40 billion, what is the level of the money ..
Do the following exercise with the help of the data provided in the tables below. You will use Excel to create your graphs. In an MS Word file of no more than 1-2 pages, write up responses to the points 2 and 3 below. Table 1: Demand of Bonds Point P..
How much more does the government have to spend to buy up the excess supply?
a low-carbon-steel machine part operating in a corrosive atmosphere lasts six years and costs 350 installed. if the
A two-year-old child is eating raisins one at a time from a large box. Even though the child doesn't understand formal economic theory, he knows when to stop eating because he is full. Describe how this child has already mastered marginal analysis..
Current concerns stem from the fear that if medicare remains an open ended program, its share of the federal budge will continue to increase over time. Prepare a brief memo examining "a freeze in physicians' fees and a requirement of mandatory ass..
The villagers can buy or sell corn at the world price
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