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Suppose you are a monopolist in the market for a specific video game. Your demand curve is given by P=80-Q/2, and your marginal cost curve is MC=Q. Your fixed cost is $400.
i) Derive the marginal revenue curve
ii) Calculate the equilibrium price and quantity
iii) What is the profit?
Suppose a cinema is a local monopoly whose demand curve for adult tickets on Saturnday night P=12-2Q, where P is the price of a ticket in dollars and Q is the number of ticket sold in hundreds. The marginal cost for adult is $2
i) What is the marginal revenue cost in the market?
ii) What price should the cinema charge in the markets if its goal is to maximize profits?
Gus cab driver rents a cab and pays for gas. In each of following circumstances, describe the short-run effects & long-run effects on the price and quantity of rides Gus offers.
What important factor makes it more difficult for monetary policy makers to time policy changes correctly?
A news report on NPR declared that the average hourly rate for 2014 was $30.56. You believe, based on your analysis from the case studies, that the average hourly wage is different than what was reported on the radio. Perform an appropriate hypoth..
Discuss the balance of payment for Pakistan for the period 2000 - 2014. The article should be 1 single-spaced pages, size 12 scripts, typed with 1-inch margin on all sides. You can use either APA or MLA format.
Congress is considering a tax credit program for those who purchase energy-efficient appliances. Proponents of the program have said that $400 million will be given directly to taxpayers and argue that this will have an economic effect that is gre..
1. a is a group of potential customers with similar needs who are willing to exchange something of value with sellers
The ending benifit if any should be realized in CAD. How can he complete interest arbitrage. What will be his profit.
Modify your game from Problem 1 to account for this private information, and find some equilibrium of this new game (remember that as in the class, each person will now take into account their private information when making their choice). Is the equ..
An industry consists of three firms with sales of $230,000, $760,000, and $200,000. a. Calculate the Herfindahl-Hirschman index (HHI). Instruction: Round to the nearest integer.
What are the main accusations being made against China? ($1,000). What sanctions would China face if the allegations are upheld at the WTO? ($1,000).
Anybody Coal Corporation expects tough economic situations for foreseeable future. Their current beta is 1.2, the risk free rate is 10 percent and the required rate of return on the market is 15 percent.
Using the basic terms leaned in Economics class answer the question below. According to the Economists Explain the reason why college students choose to study.
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