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The marginal revenue curve of a monopoly crosses its marginal cost curve at $30 per unit and an output of 2 million units. The price that consumers are willing to pay for this output is $40 per unit. If it produces this output, the firm's average total cost is $43 per unit, and its average fixed cost is $8 per unit. What is the profit-maximizing (lossminimizing) output? What are the firm's economic profits (or economic losses)?
Economic indicators are economic statistics that tell us how well the economy is doing. The GDP, unemployment value, and inflation vale are the most common macroeconomic indicators.
Why are interstate and intrastate telecommunications regulated by different agencies?
Risk management is the process of identifying risks and determining their probability of occurrence and the associated costs. In many organizations, risk management is not emphasized to the extent that best practices might dictate. If a risk has a..
Studies indicate that the price elasticity of demand for cigarettes is about 0.4. If a packet of cigarettes currently costs $8 and the government wants to reduce smoking by 20%, by how much should it increase the price?
In your opinion, which two determinates currently have the greatest impact on aggregate demand and supply? Justify your response with an example.
The cardinalistic approach to satisfaction was one of those highly criticized. Please outline two weaknesses of this theory that led to it's criticism.
question 1under which circumstances is it best for a speculator seeking a capital gain to purchase bonds.the domestic
Calculate the monetary base and the banks reserve ratio. - Calculate the total money creation in the economy with the help of formula.
Explain how much should it be willing to pay today for the office complex.
Does LRMC =MR for Competition? Does LRMC =MR for Monop. Competition? Does LRMC =MR for Oligopoly? Does LRMC =MR for Monopoly? Does P=AC for Competition?
When purchased on hire purchase over two years there is a deposit to pay of £140 and 24 monthly payments of £26. (a) In each case calculate the rate of simple interest per annum charged on the initial amount borrowed.
Fred owns four fishing boats on Seneca Lake. He knows from experience the following information about the catch per boat depending on the total numbers of boats he sends to either the north or south end of the lake. Based on the table below, what is ..
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