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A competitive firm has the following cost function:
TC= 0.7Q^2 + 6Q + 15
The firm believes the market price for thier product will be $12 with probablility 0.57. Otherwise, they believe the market price for thiepr producet will be $15. Find the firms expected profit. Round the answer to one decimal.
The demand for apartments is P=1200-Q while the supply is given by P=Q units. What is the slope of the supply curve? What is the P-intercept of the supply curve? What is the slope of the demand curve? What is the P-intercept of the demand curve? What..
q1. illustrate the result of the passage of the motor carrier act in 1980? please use the internet search or other
In competitive equilibrium, what is the ratio of the price of bananas to the price of tomatoes. Illustrate what is the equilibrium quantity of bananas and tomatoes consumed by Marilyn and Chen.
The subsequent tables Explain how the trade-offs you face in allocating the time you will spend in studying each subject.
The project management role has several responsibilities in the area of scope. Which of the following represent these areas for scope.
Think about a product that you have purchased recently (e.g. soda, diapers, takeout meals, milk, shoes, manicure/pedicure, video game, etc.). Explain how the law of demand affected your purchase. Give specific examples of how the determinants of dema..
What is the marginal rate of substitution (MRS) and why does it diminish as the consumer substitute's one product for another. Use examples to illustrate.
What happen if the marginal product of labor is 23, is the firm minimizing cost. What happen if the marginal product of labor is 21, is the firm minimizing cost.
Acme Manufacturers, Inc. has a stock price of $50. In the fiscal year just ended, dividends were $2.00. Earnings per share and dividends are expected to increase at an annual rate of 8 percent. Calculate the WACC if the equity portion of financing is..
What will be the profit of each firm? How much did total production go down because of the collusion? How much did the price go up?
Describe the tragedy of the commons. What problems are presented by the tragedy of the commons for moral evaluation of technological development? How would you address these problems?
Suppose that there are only two firms (Firm A and Firm B) in the market for decorative lampshades. Letthe inverse demand function and the total cost function be given by P = 50 –Q and TC = 2Q. How many lampshades will Firm A choose to produce?
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