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Q. The long-run cost function for LeAnn's telecommunication firm is: C(q) = 0.03q2. A local telecommunication tax of $0.01 has been implemented for each unit LeAnn sells. This implies the marginal cost function becomes: MC(q, t) = 0.06q + t. If LeAnn can sell all the units she produces at the market price of $0.70, Compute LeAnn's optimal output before and after the tax. What effect did the tax have on LeAnn's output level? How LeAnn's did profits change?
How would I find out by how much the price of water needs to be raised to reduce demand by 40% if the price of elasticity is 2.0.
Under oligopoly if one firm in an industry significantly increases advertising expenditures in order to capture a greater market share, it is most likely that other firms in that industry.
From the supply and demand schedules, from Belgium what are the equilibrium price also quantity of cocoa beans.
As control variables, Quinn's data also includes income the individual earned in the month the data was collected, and the amount that it rained in the month the data was collected.
the industry that this claim were untrue, what critical questions could you ask about the HHI used for the study
Given the demand and cost conditions, what price, output and profits result in the short run? What will happen as the firm moves from the short to the long run
Illustrate what cost as well as quantity will result once the patent expires and competition emerges in this market.
Examine the following list of goods and services. Which goods and services should be included in Fredonia GDP in 2009, which should be excluded, and why.
What can be accomplished about the impact of transportation costs on the price of the traded product in each trading nation.
Now Assume the theater increases the number of its ads to 250. Should the theater increase its cost following this ad campaign.
The cost of the grapes may be as much as 60% of total production costs but varies greatly from lower-quality inexpensive wines to the highest quality wines.
Differentiate the equilibria of model. Also the classification should be a function of the bliss point of the candidates.
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