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You are the general manager of the Red Dog mine, which is the sole operator in Alaska selling copper. You have a maximum of S =1,000 tons available to sell this year and next year, and the demand for copper will be constant at p q = ? 1,000 each year, where p is the price in dollars per ton and q is the number of tons. Your marginal cost of mining and marketing copper is also constant at $200 per ton, and
your discount rate is r = 0.1. Describe the quantities you would market this year and next year, the market prices, and your producer surplus if you price your copper
(a) like a perfect competitor;
(b) like a monopolist.
What is the role of the European Parliament? Is it a real parliament that can be compared with a national parliament? Monetary cooperation: Please compare the advantages and difficulties for flexible and for fixed exchange rates. Please discuss the i..
Suppose that due to a political conflict inside the country, there is a risk the government will default in its debt.
The initial cost of constructing a permanent dam (i.e., a dam that is expected to last forever, perpetuity) is $425 million. The annual net benefits will depend on the amount of rainfall: $18 million in a “dry” year, $29 million in a “wet” year, and ..
During the Great Depression, the Federal Reserve Board
Illustrate what is the individual's optimal consumption in each period. Explain how much saving does he or she do in the first period.
many professional sports athletes have incentive clauses in their contracts. these indicate tha a the team owner has
If fixed costs increase to $1200, what will happen to equilibrium price and quantity.
A piece of equipment costing $57,500 is being considered for a production process at Dew Chemicals. The expected benefits per year are $4,500 and estimated salvage value is $10,000. Determine the rate of return the company can get in this equipment p..
Refer to the above diagram, where Sd and Dd are the domestic supply and demand for a product and Pc is the world price of that product. With a PcPt per unit tariff, the quantities sold by foreign and domestic producers respectively will be
q1. assume demand take the form q 36p-1.a. show that the price elasticity of demand is constant and equal to -1.b.
Illustrate what is the shape of an indifference curve if there are economic bads on both axies.
If government industry regulators underestimate the degree of competition in an industry are they likely to over-regulate the industry? Explain.
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