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Consider a broking firm that supplies consulting services. The corresponding demand relation and cost functions are and , respectively.
(a) Derive the first-order condition for the firms profit maximization. Determine the profit maximizing level of Q.
(b) Verify that, at the point of maximum profit that the second-order sufficient condition holds.
(c) Check that marginal revenue is equal to marginal cost at the profit-maximizing level of output determined in (b).
Evaluate the MU in the utility functions
to increase its return a bank that expects interest rates to fall willawant the duration of its assets to be greater
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Question about micro economics- Sam Smith owns an internet radio company that has subscribers in Houston and Dallas
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consider a market characterized by the following demand and supply conditions px 15 - 2qx and px 3 2qx. the
Write a report addressing a quantitative analysis (QA) project. Select a business of interest and develop QA best practices that can be developed and implemented to increase revenues and/or to decrease costs. Please provide at least three mathe..
Suppose that instead of maximizing profit, the firm wants to maximize total revenue. Using algebra determine the optimal output, price, profit and revenue for the firm.
Suppose that you are a government official in charge of your country's fiscal policy. The country maintains a flexible exchange rate system. You are asked by your country's citizens to use fiscal policy alone to expand the country's..
Which of the following is an example of a two-part tariff? Which of the following industries is most likely closest to achieving perfect price discrimination?
assume the graph below represents the market demand for a patented prescription drug together with the long run
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