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(a) Answer the same questions as in the previous problem if TC = .5m + 10Q.
(b) In which problem are economies of scale more important? Explain how this affects your outsourcing decision.
1 which of the following is not a high energy density source of energya solar energyb nuclear energyc all of the
Suppose that inverse demand is given by D(Q) = 56 − 2Q, Q = q1 + q2 and the cost function is TC(qi ) = 20qi + f (a) Find the limit output for fixed costs ( f ) equal to 50, 32, 18, and 2. (b) What is the SPNE for the entry game with the following tim..
How many tickets to sell to maximize total welfare.
q.a firm is considering two business projects. project a will return a loss of 45 if conditions are poor a profit of 35
Challenge of any merger that raises the HHI by 100+ points in a market where the HHI is above 1800 before the merger.
Explain the difference between Macroeconomics and Microeconomics. Also explain how economics is used as a social science and as a policy tool.
Elucidate what should Paul, the Director of Human Resources, do to determine how Plastec (a company that manufactures plastic) compares with other area employers in terms of wages and benefits.
Suppose that demand is given by the equation: Using the midpoint formula, calculate the elasticity for demand when the price changes from $49 to $51. Would you classify the elasticity you calculated as elastic, inelastic, or unit elastic?
Explain rational expectations in your own words. Using the rational expectations model is the U.S. stock market efficient? Why or Why not?
What is the profit-maximizing rate of output for the firm?( b ) How much profit does the firm earn at that rate of output?
The suggestion that a seller will try to set price based on “what the market will bear” is explicit recognition of the constraint imposed by:
Describe the equilibrium price and sales of X. Let PY = $10. Determine whether X and Y are substitutes or complements.
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