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If at the current level of output, a firm's average cost is greater than its marginal cost, then:
A) an increase in output must raise its aversge cost still further above marginal cost.
B) a reduction in output would rise average cost.
C) the firm is producing beyond its minimum average cost level
D) the marginal cost curve is downward sloping at the current level of output
E) Average fixed cost must be constant.
The color copy machine market is dominated by a large firm with significant production capacity. The market demand for color copy machines is: Q = 4300 - 5 P The dominant firm has projected the supply by the small firms in the market to be: Qs = - 70..
Suppose that you had information about the amount of private savings during the years before and after the introduction of the Social Security program. How might you carry out a difference-in-difference analysis of the effect of the Social Security p..
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Portfolio A consists of a one-year zero-coupon bond with a face value of $2,000 and a 10-year zero-coupon bond with a face value of $6,000. Portfolio B consists of a 5.95-year zero-coupon bond with a face value of $5,000. The current yield on all bon..
Do price reductions always result in higher profits? For example, if the demand for a firm's product is price inelastic, will the firm increase its profits by cutting its price? Explain.
The cost to a cinema owner of letting someone see a movie for free is
In addition, the business agrees to pay the inventor a royalty equal to five percent of its sales revenue from these products over the next ten years.
Identify the exclusionary pricing practices and why and when they are prohibited by the Competition Act. What are the economics rationale and efficiency effect of these strategies?
Suppose a firm sells a good in 2 markets, each market is characterized by their own respective demand curve. Calculate the profit maximizing outputs and prices in each market assuming the firm can price discriminate. Calculate the own price elasticit..
During 2010, Raines Umbrella Corp. had sales of $750,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $610,000, $125,000, and $170,000, respectively. In addition, the company had an interest expense of $60,..
What is exclusive dealing? How might it reduce competition, and when might it be acceptable? What is predatory pricing? How might it reduce competitive, and why might it be difficult to tell when it should be illegal? If public utilities are a natura..
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