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A firm in an oligopolistic industry has the following demand and total cost equations:
P = 800 – 20Q and TC = 500 + 100Q + 10Q2
Calculate the following show your work:
a. price and quantity at which revenue is maximized, using the total revenue function with first order condition and verifying your choice of Q resulting at a maximum with the second order condition
b. maximum revenue
c. price and quantity that maximizes revenue at which profit will be at least $3,000
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kean university professor henry saffer and wharton school of business professor dave dhaval estimated that if the
what is the concentration ratio for the industry x and y.number of firm ----industry x ------ industry y1
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The market for Sugar beet is in equilibrium at P = $15 and Q = 229995. The price elasticity of demand is -1. The price elasticity of supply is 0.6. Now assume that the government imposes a quota which reduces supply to 183,996
Normal 0 false false false EN-US X-NONE X-NONE If a non-private company ..
Suppose we have an economy in which G = 100, t = 0.26, Y = 3800, and YN = 4000. Then t rises to 0.28 as the same time as G rises to 1150. The overall impact of this resettling of the fiscal variables is ________ because ________.
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Which of the Gauss-Markov assumptions regarding OLS estimates is violated if there are omitted variables not included in the regression model?
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