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Consider the market for frozen concentrated orange juice, which is a constant-cost industry. The long-run total costs of production are T C(Q) = Q^3 - 2Q^2 + 4Q. The demand is given by Q = 80 - 3P
(a) What is the long-run equilibrium price?
(b) How many ?rms will enter the market?
(c) How much output will each ?rm produce?
the management of regional hospital has made substantial improvements in their hospital and would like to test and
the demand curve for asparagus is given byqd 200 -5pd 0.5pzwhereqd quantity demanded of asparagus per weekpd
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Give real world examples of each of them. How would you construct an argument around the comment "more money you have the more problems you have".
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1. how a 1 increase in output affects unit costs b. how a 10 invrease in output affects total cost c. how total cost
If the two are generally not competing on price, are there any forms of non-price competition that might emerge? If so, describe them. Or would such other forms of competition also exhibit "kinked type behavior"?
an estimate of the demand function for household furniture produced the following resultf0.0036y1.08r0.16p-0.48
a. what are your views regarding economic forecasting? in particular share any experiences you may have had with
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