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Consider a monoply that faces a market deman function D(p)=100-p, where p is the price that the monoply changes and q is the quantity. The monopoly has MC=q. Suppose the monoply can do project 1st degree price discrimnation. What is the maximal profit that the monoply can make?
The market demand for a special type of wood that is essential for producing acoustic guitars is given by Q = 70,000-2000P, where Q is measured in thousands of pounds per year and P is the price of a pound of wood. Assuming that each small firm acts ..
A study is performed in a large southern town to determine whether the average weekly grocery bill per four-person family in the town is significantly different from the national average. Identify the null and alternative hypotheses for this situatio..
q.a particular firm began very small. they found that getting larger was painful - it involved a lot of new
If Starbucks raises its price by 6 percent and McDonald’s experiences a 0.6 percent increase in demand for its coffee, what is the cross-price elasticity of demand?
When the price of corn was "low," consumers in the United States spent a total of $8 billion annually on its consumption. When the price halved, consumer expenditures actually DECREASED to $6 billion annually. This indicates that:
Consider a market structure where there is a monopoly in input market (upstream monopolist) and also there is a monopoly in product market (downstream monopoly). If each firm maximizes its profit then there is double mark up. Show that if these two f..
Elucidate that contract align the incentives of the new vice president with the goals of the owners.
Suppose the intermediation or capital goods costs pho units of the consumption good for each unit of capital intermediated (
The Coase Theorem suggests that, under some conditions, private bargaining will resolve the problem of negative externalities. Describe the set of conditions that must be in place for this to be true (at least three). What are the implications of thi..
You purchased a commercial building and lot for $400,000 on April 15th of 2010. The lot itself was valued at $80,000 when purchased. You sold the lot and building on September 15th of 2015. Use MACRS depreciation and note this property is non-residen..
How do you feel about the high decrease in private investment? Even if the government spends more to stimulate the economy, if the margin of disposable income is not there the ability to invest, especially for small businesses, declines.
q.a local pet store roscoes rascals elucidate which among them has concerted on selling puppies is considering adding a
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