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Draw a graph showing a monopolistically competitive firm in a short-run equilibrium where it is earning positive economic profits. What must be true of price versus average total cost for such a firm? What will happen to the firm's demand curve as a result of the short-run profits?
a cell phone company is considering investing in additional cell phone towers. it estimates that if it builds k towers
Production of widgets (W) uses labor (L) as its only input. The production function is given by W=F(L)=8*L^.5 and the marginal productivity MPL=4/L^.5. If widgets sell for $10, the price of labor is $8/hour, and there is a fixed cost of $25.
What is the sign of the correlation between yt and yt-1? How about the sign of the correlation between yt and yt-2? between yt and yt-3? Do you see a pattern
A woman managing a photocopy establishment for $25,000 per year decides to open her own duplicating place. Her revenue during the first year of operation is $120,000, and her expenses are as follows: Salaries- $45,000, Supplies $15,000, Rent- $10,..
Harvey wanted to start his own business so he quit his job at Winona State University where he earned $98,000 a year. He figured his entrepreneurial talent to be worth $15,000 a year.
while costs are expected to increase from $20,000 in year 1 by $10,000 each year. If there is no salvage value at the end of 5 years, what is the annual equivalent worth of the project assuming a MARR of 12%
Adrian is about to borrow $2350 from his uncle. He has an option to repay the loan at the end of the year 5 with 10.75% interest per year or with 5% interest per year compounded annually. What is the difference of the total interest paid over 5 ye..
Calculate the change in the budget surplus. Would you expect the change in the surplus to be more or less if c .9 rather than .8?
A company has fixed costs of $ 28000 and variable costs of 0.4x +222 dollars per unit, where x is the total number of units produced. Also, the selling price of its product is 1250-0.6x dollars per unit.
A ball is thrown vertically upward from the ground. If its height h measured in feet is given in terms of time t, measured in seconds by the equation h = -16t2 + 96t
What is the maximum frequency of the analog signal? What is the maximum value of the analog signal which can be converted?
a) What is her willingness to pay b) If she had bought the iPod on sale for $70,what would her consumer surplus have been c) If the price of an iPod were $200,what would her consumer surplus have been
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