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A firm with market power faces the demand function q=4000-40p. The firm's total cost function is TC(q)=10q+.001q^2+1000.
a. If the firm behaves as a single price monopoly, identify the firm's optional price and output level.
b. Demonstrate that the single price monopolist's profit maximizing choice of price and ouput also maximizes producer surpulus.
c. Identify the output level that would maximize total surplus.
d. Identify the output level that a perfect price discriminating monopolist would produce.
You have an insane roommate who plays “Let it Go” (from Frozen) on repeat on her phone all the time and thinks that everyone should put on pink tutus and sing very loudly and dance to it. You share your apartment with him and with three others. Shoul..
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The constant or intercept term in a statistical demand study represents the quantity demanded when all independent variables are equal to:
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If the aggregate-demand curve is given by the equation P = 400 - (2 ´ Y), and long-run aggregate supply = 100, the long-run equilibrium price level equals
The state of Delaware issued and 8.75% bond with a face value of $1000 the bond sales for $1000 improvise 8.75% yield to maturity what-year-old on a corporate bond would result in both bonds providing the same after tax rate of return to an investor ..
A county is considering using a piece of park land for one of two alternative recreation projects.
Treasury bills are
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