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A firm faces the demand curve Q = 20 – 0.8P and marginal cost MC = 2.5Q.
a. If the firm cannot price-discriminate, what is the profit-maximizing price and quantity?
b. If the firm can practice perfect price discrimination, how many units will it sell?
Suppose the demand of the good is P = 10 - Q. A monopolist's total cost is TC = 2 + 4Q. What's the optimal price and quantity of the monopolist? Calculate the monopolist's profit (or loss).
The Shopping Channel (TSC) has contracted out the management of its large global network of thousands of computers to Morhel Communications (MC), a network management specialist.
Where there currently is a tariff. What is the effect of this tariff on the U.S. economy.
Without free trade, Diamonique has market power as a local producer. Once free trade is implemented in the local economy, Diamonique is no longer able to raise its prices above competitive levels.
Illustrate what type of industry benefits the most from technological innovation? Select an article from either either a peer reviewed or current popular periodical on an industry of your choice and discuss this question from the perspective of th..
Elucidate how marketable permits can be used to tackle pollution problems. illustrate your answer with examples from the real world. what problems might a permit face? again use real life problemswere possible.
Find the equilibrium market quantity and price if the market demand is Qd = 320 - 30p. Part four - how much output will each firm produce?
The Lemon Test involves the Supreme Court's interpretation of which of the following constitutional provisions?
long-run real interest rates are expected to increase. An accountant and an MBA student (who just finished his course of Managerial economics) were interviewed regarding the effect on the firm they both work at. Keeping all else constant their answer..
Suppose that the US government determines that cigarette smoking creates social cost not reflected in the current market price an equilibrium quantity of cigarettes.
A 10% increase in the price of pizza causes a 10% drop in the quantity of both pizza and beer sold. Describe elasticities and the nature of the two products.
The company you work for recently has committed itself to implementing a program of social responsibility. After the company has gotten the commitment of top executives, planned the program, and appointed a program director, you suggest that a (n) __..
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