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Q. A monopolistic firm control in 2 separate markets. No deal is achievable between market a as well as market b. The firm has considered the demand functions for each market as given below:
Market A P = 15- QMarket B P = 11- Q
The corporation estimates its entire cost function to be TC= 4Q. Calculate:
A. Quantity, whole revenue and profit when company maximizes its earnings and charges the same price in both markets.
B. Quantity, whole revenue and profit when company charges different price in each market and exploits its total profit.
Explain the role culture may play in influencing entrepreneurship both at the individual and social level. Define culture in your response.
If Sammy refuses to contribute to the butterfly garden, he'll not be able to enjoy its benefits if it is built.
Oil and gasoline prices are a concern in the United States. Why does this economic problem exist from a supply and demand perspective, what can be done to improve resource allocations.
Total hours worked, and average labor productivity all are procyclical. Which variable, output or total hours worked, increases by a larger percentage in expansions falls by a larger percentage in recessions.
Provide a rational for why you feel the new target market and pricing strategy would be successful and the likely impact to the profitability of the firm.
Calculate Marginal Revenue from demand if the marginal propensity to save is 0.05, how large is the multiplier.
If planned aggregate expenditure (PAE) in an economy equals 2,000 + 0.48Y and potential output (Y*) equals 4,000, then this economy.
In a typical day the store sells some of each type of cola, which suggests that Major League Baseball has adopted FOA because it fears that regular binding arbitration is addictive.
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
Make sure to make available examples of real world to strengthen your position of wherever this might be case
The Road Runner Club contributes money to Senator Sly's reelection campaign fund, and Senator Sly helps pass legislation to add more jogging paths across the state
Steps that a government take to ensure that sustainable development is always considered in assessing which major economic projects or investment proposals to accept
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