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A monopolist's demand curve is given by P = 100 - 2q.
(a) Find his marginal revenue function.
(b) At what price is marginal revenue zero
A local cell phone monopoly faces the following monthly inverse-demand for lines from a typical family: P = 100 – 20Q. The total cost to the monopoly is C(Q) = 20Q. This implies that the marginal monthly cost to the monopoly is $20 per line. (Please ..
Which of the following trends favor a more labor-intensive method of production? A growing number of desperately unemployed people as the result of rural-urban migration. A limit to the level that wages can fall (subsistence)
You are the manager of a firm that receives revenues of $40,000 per year from product X and $80,000 per year from product Y. The own price elasticity of demand for product X is -1.5, and the cross-price elasticity of demand between product Y and X is..
In the system of “approval voting”, a citizen may vote for as many candidates as she wishes. If there are two candidates, say A and B, for example, a citizen may vote for neither candidate, for A, for B, or for both A and B. As before, the candidate ..
What value of y survives as a solution if all firms are competing for high ability workers.
What could firm A do to make its threat credible without building excess capacity? Will firm A use the low price as a threat if firm B enters?
q.use the following table to answer questions a-c.output q0 1 2 3 4 5 6total costtc36 45 52 61 74 91 110a. what is the
Why, according to Keynes, is an economy in recession and why can such a recession be prolonged? Illustrate and discuss
If she has invested in a stock fund that averaged a 15% rate of return over that period, and she expects to make the same annual investment and get the same performance in the future.
q.1. what factors are important in determining the length of the imitation lag and the length of the demand lag?
A rise in the rate of inflation, given a fixed nominal interest rate will cause:
The city of Touristburg has implemented a lodging tax equal to 2% of gross revenue at local hotels. If you stay in a hotel that costs $250 per night for 3 nights, how much will you pay in lodging taxes? The city of Touristburg estimates the annual gr..
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