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1. In a competitive market, there are 8 firms, each with total cost given by: TC = Q^2+100
a. Derive the firm's long-run supply equation and the market supply equation.
b. Market demand is given by Q = 120 - P. Determine the equilibrium price and total output in the market. What is each firm's output and economic profit?
c. In the long-run, is the number of firms likely to increase or to decrease?
Use the distributive property to remove parentheses and simplify the expression.
Calculate the critical value
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Restaurants often slip takeout menus under Jane's apartment door. So far, Jane has collected 20 menus, including 8 for Mediterranean food. Considering this data, how many of the next 15 menus slipped under Jane's door should you expect to be fr..
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A poll of 52 students found that 50% were in favor of raising tution to build a new math building. The standard deviation of this poll is 8%. What would be the standard deviation if the sample size were increased from 52 to 116?
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Sketch the Graph of y = cosx in the range -Pi
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a store wishes to predict net profit as a function of sales for the next year. the following table gives the years 1998
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