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An oligopolist, the Bramwell Corporation has estimated its demand function and total cost functions to be as follows:
Q=25-0.05p
TC+700+200Q
Answer the following question algebraically solving the equations
1. Maximize profit?
2. Maximize revenue?
The total annual output of the U.S. economy measured at the third quarter of 2010 was $13,278.5 billion. The total number of people employed as of December 2010 was 139,206,000.
If the input costs are rising at teh same time that consumer income is falling, what will happen to the equilibrium price and quantity?
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Irrigation improves the yield of strawberries per acre (measured in pints) according to the fucntion S= -(w-2)^2 + 50 where S is the number of pints of strawberries grown per acre and W is acre acre feet of water used. strawberries sell for $4 pe..
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Suppose that the company is a price taker and the market price is $10. How many units will each plant produce?
The trend toward two-family income has led to policies allowing only one family member to work for a company, flexible work schedules, pregnancy benefits, and elder-care programs or else.
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