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Q1. What is the relationship between marginal cost and marginal revenue when single-price monopoly maximize profit? shows the graph also.
Q2. Assume that two companies (A and B) are duopolists who produce identical products. Demand for the products is given by the following linear demand function: p = 200 -QA -QB where QA and QB are the quantities sold by the respective firms and P is the selling price. Total cost functions for the two companies are TCA = 1,500+55QA +Q2A TCB = 1,200+20QB +2Q2B
Advantages and disadvantages of cigarette money in this prison economy in terms of these 6 criteria.
a) What these numbers mean and how can they assist his business? What he needs to do to "make more profit"?
Illustrate what economic decision makers determine the demand for labor. What is their goal, and what decision criteria do they use in trying to reach that goal.
how will Kristine s consumption pattern and welfare be affected
If inflation turns out to be 1% over the life of the loan, what is the real interest rate? Who gains from unexpectedly low inflation, Loretta or Ted?
Given the scenario, your role and the information provided by the key players involved, it is time for you to make a decision.
Explain how are poor infrastructure, lack of financial institutions and a sound money supply, low saving rate poor capital base.
Write down John's lifetime budget constraint. Explain how much does he save for the retirement when he is at work.
From the e-Activity, assess how business leaders use managerial economics to make business decisions indicating how profits may be impacted.
Explain how can be expected to happen to quantity of labour hired if minimum wage is increased next year. Be sure to explain in words illustrate what is happening on your graphs.
what is the resulting outcome of the game? (b) Suppose now that dierent players obtain dierent shares (adding up to 1) when the majority vote is not passed. What happens in a SPNE then?
If the government imposes a ceiling of $6 on the price of the firm's product, Illustrate what output will the firm produce also Illustrate what will be total profits.
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