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You live in a small town with only one grocery store. The demand curve for food in your town is given by -1/5Q. the grocery store has a total curve given by TC = 50 + 1.25Q
A) What is the profit maximizing price and quantity of food if the firm charges the same price to everyone? How much profit will they earn?
B) Graph this situation including profits
C) How much dead weight loss is there?
D) How much consumer surplus is there?
E) How much producer surplus is there?
The demand curve is given by the equation QD = 1150 - 100p and the supply curve by QS = 100p - 50 1150 - 100p = 100p -50 Find the equilibrium price and quantity.
Explain the relationship between real GDP and potential GDP and between the unemployment rate and the natural unemployment rate as the economy moves through business cycle.
consider romers growth model of chapter 6 and let a ?0 100 ?l 0.06 z ? 13000 and l ? 1000.a what is the growth
Consider a market-clearing economy in which output (Y 1 )depends only on the capital stock (k 1 ) and an exogenous productivity variable ( θ1 ) according to the production function y1 = θ 2 f(k 2 ).
Demand and supply situtaions in the perfect competitive market for unskilled labor are as follows, Estimate the industry equilibrium price or output combination.
you estimate that the price elasticity of demand for clinic visits is -0.25. you anticipate that a major insurer will
Given his current output level, his marginal cost is $40 (enter your response to the nearest dollar) and his average cost is $ (enter your response to the nearest dollar Can you assist with "his average cost" I thought it was 42 but that was inc..
What would be the predicted salary of a really bad player?
Prepare a schedule showing the intangible assets section of Bailey's balance sheet
There has been some speculation that tax deductions like as the one allowed for interest on home mortgages will be eliminated or altered.
A charter is a bank's application for going on a cruise. going into business. making a loan to a corporation. buying a building for a new branch.
What can you do to protect IIS? What can you do to protect other web servers like Apache or Tomcat as well?
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