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Suppose a firm's inverse demand curve is given by P=120 - .5Q, and its cost equation is C = 420 + 60 Q + Q^2.
a)Find the firm's optimal quantity, price, and profit (1) by using the profit and marginal profit equations and (2) by setting MR equal to MC. Also provide a graph of MR and MC.
b) Suppose instead that the firm can sell any and all of its output at the fixed market price P= 120. Find the firm's optimal output.
Construct a graph showing supply and demand in the electronic dog feeder market and how are the laws of supply and demand illustrated in this graph? Explain your answers.
Money Market Prices The rate on a particular money market instrument, quoted on a discount basis, is 5 percent. The instrument has a face value of $100,000 and will mature in 40 days. What is its price?Money Market Prices The rate on a particular mon..
Assume that $5000 is deposited today, three years from now, six years from now, nine years from now, and twelve years from now in a savings account which earns 5% annual interest. What is the balance at the end of year 13?
a. Define GDP, giving what items comprise the GDP and then compute the value of GDP in Macronia b. Define net exports and the items that comprise it and compute the value of Net exports in Macronia c. Define disposable income and the items that ..
Assume in perfect competition, the function of marginal cost is: MC=3+3Q, and price P = 15. What is the optimal quantity to maximize the firm's profit?
Is job satisfaction an overrated concept in USA and Comment on this question, keeping in mind the current state of our US economy
A monopolist currently charges $50 a unit for the 100,000 units of product it produces and sells every month. An economic analysis has shown that,
many important economic theories develop as a result of particular economic crises facing societies. can you locate
a. Explain how asymmetric information about a hidden action or a hidden characteristic can lead to moral hazard or adverse selection. b. Discuss a few tactics that managers can use to overcome these problems.
Describe how real GDP per capita has changed throughout the world from 1820 to the present. 1.3 How is labor productivity related to the standard of living?
The annual growth rate for the population in the state of West Virginia is one of the nation's lowest at 0.30%. Why do you think other states, for example, Virginia, have nearly four times this growth rate
Explain the general progression of market structures. If you were to begin a brand new market, what is your market structure and then what might happen?
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