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Suppose a monopolist faces the following demand curve: p=420-4q Marginal cost of production is constant and is $36, and there are no fixed costs.
What is the profit maximizing level of output?
What profit maximizing price will be charged?
How much profit will be made if profit is maximized?
What would be the value of consumer surplus in the monopoly market?
What would be the value of consumer surplus in a perfectly competitive market?
What is the value of the deadweight loss when the market is a monopoly?
In the short run, a monopolistically competitive firm is
Describe a national model of universal healthcare coverage. Compare the model's methods of funding for healthcare in the United States. Identify which one you think is best by discussing access and quality detail.
Bank is willing to let business have an intermediate-term loan of $50,000 for five years at an interest rate of 6.5 percent. Estimate monthly payment and elucidate where taking this loan is a smart business decision.
When the fed raises the federal funds rate, eventually there is.
I know that the answer will be somehow related to the amount of marginal sales per day, but dont know how exactly to determine the allocation.
determine what product it could export and discuss why this product could be successful in that country. Make sure to explore and report the demographics of the country, as well as any transnational concerns listed.
q1. cutting the price of a product never increases the amount of revenue you receive. if we want to increase revenue we
What is the impact of a tax cut in an economy operating under a flexible exchange rate regime on household spending, interest rates.
Sketch the firm's isoquant and isocost lines and show its current equilibrium in the use of labor and machines when producing 200 gizmos per month.
If the owners could have earned a 20% annual rate of return on the invested money, explain how would the economic profit change (all else equal). How would the accounting profit change.
Which of the following is not a necessary precondition for economic growth?
Some economists and policymakers argue in favor of replacing the current income tax in the USA with consumption tax. What are your opinions on the issue? How do think such change impacts your income and expenditure pattern?
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