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Assume that a monopolist has a demand curve given by P = 1500 ? 4Q, and T C = 100 + 5Q2 with MC = 10Q.
(a) Graph the Demand, Marginal Revenue, Marginal Cost, and Average Total Cost curves
(b) What are the equilibrium price and quantity for this monopolist if it charges a single price to everyone?
(c) How much profit does the firm make?
(d) Show on the graph whether this market is operating efficiently.
(e) Calculate the dead weight loss.
(f) Calculate the consumer surplus.
(g) Calculate the producer surplus.
Explain by how much does the total amount of deposits in the banking system increase. By how much does the money supply increase.
The German philosopher Immanuel Kant condemned Utilitarianism as an immoral ethical theory mainly because:
How does your answer compare to an economy in which the total amount of the loan is deposited in the banking system and the public does not hold any of the loans in currency?
congress decides to reduce our dependence on foreign oil by imposing a $.50 tax on each gallon of gasoline at the pump. Elucidate briefly what kind of supply and demand elasticity for gasoline must be present in the U.S. market, in order for this..
Suppose the value of the cpi is 1.100 in year one 1.122 in year two, and 1.133 in year three. Assume also that the price of computers increases by 3% between year one and year two, and by another 3% between year two and year three. the price level is..
Identify your fixed and variable costs at your fast food restaurant, and explain the changes to each of these costs, given the increased demand.
Which statement BEST describes the advertising industry's position on marketing to children? marketers must limit their use of advertainment in broadcast and online channels.
You are given the following information about a firm's investment decision. Calculate its user cost of capital (equivalently rental cost of capital). (Round to the nearest dollar)
can you suggest better methods of making the adjustments for the stated purpose. llustrate what general guide can you suggest as to elucidate how much price should be increased
Undergraduate student (age 22) gets a job that pays $49800 per year. Planning to retire at age 67, she decides to save 10% of her current salary each year. If she is able to get an average ROI of 5.8% per year, how much will she have saved when she r..
q1. 1. given that in 1995 real gdp was 6742.1 and nominal gdp was 7265.4 what is the value of the gdp deflator?2. for
The Economic Policy Institute periodically issues reports on wages of entry-level workers. The institute reported that entry-level wages for male college graduates were $21.68 per hour and for female college graduates were $18.80 per hour in 2011.
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