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1) An imperfectly competitive firm has the following demand and cost functions:P=230-20QC=50+30Q
a. What is optimum output?b. What is equilibrium price of this output per unit?c. What is optimal revenue?d. What is total profit?
2) A firm in a perfectly-competitive industry where market price of output prevailing is $50 per unit has a cost function where:C=40+5Q2a. What is marginal cost in dollars?b. What is marginal revenue in dollars?c. What is optimal output in units?d. What is maximal profit?
3) A monopolist facing a demand curve and cost function like the following:P=72-6QC=15+6Q2a. has what equation for marginal revenue?b. What is the equation for marginal cost?c. What is optimal output?d. What is price per unit?What is profit?
The demand & supply curves for T shirts in Touristtown, United State, are given by the following equations:
Wednesday the price changed to 1.8275. Compute your profit-loss in USD on Tuesday and Wednesday.
Assume all states were committed to a balanced budget philosophy and the economy moved into a recession. What effects would this philosophy have on the size of the federal deficit.
Assume the U.S. government determines that cigarette smoking creates social costs not reflected in the current price of cigarettes
Assume industry abatement costs rise from $850 million in 2004 to $1,000 million in 2005 in nominal terms and that CPI is 100 in 2004 and 106 in 2005.
Using aggregate supply and aggregate demand examine, describe what effects, if any, the following changes have on each nation's Price Index and real GDP.
On the other hand, you might also analyze in detail the effects of higher unemployment among a business cycle downturn.
Calculate the labor rate also efficiency variances for the month. Was paying workers the actual wage rather than the standard wage an efficient strategy for Loring.
Demand by senior citizens for showings at local movie house has a constant price elasticity equal to-4. The demand curve for all other patrons has constant price elasticity equal to-2.
Tax rebate and a tax refund is a tool of fiscal policy. A deduction in tax rates is not the similar thing as a tax cut.
The question asked that assume that the aggregate demand curve.
In the Keynesian, Classical, as well as Solow model, Elucidate the impact of an increase in production technology
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