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A pure monopolist determines that at the current level of output the marginal cost of production is $2, average variable costs are $2.75, and average total costs are $2.95. The marginal revenue is $2.75. What would you recommend that the monopolist do to maximize profits? Why might a business owner keep their business open but let it deteriorate, rather than shut it down? Will this profitability last?
1. only 2 families the arrows a and the benthams b inhabit little society. each family has onechild. the 2 families pay
Assume that the consumption of schedule for a private open economy is such that consumption C = 50 + 0.8Y. Assume further that planned investment Ig and net exports Xn are independent of the level of real GDP and constant at Ig = 30 and Xn = 10. Reca..
statement of the problemthe purpose of this report is to show the potential of lowering energy consumption when
If a small country wants to protect its domestic producers from more efficient foreign competition by imposing an import tariff, will it come out ahead Do consumers lose when a large country protects it's less efficient producers from foreign comp..
prepare a two- to three-page paper in apa style sixth edition format that describes explains addresses and answers the
Bertrand solution. How much each of the firms is producing and what is the resulting price and how much each of the firms is producing and what is the resulting price? What are the firms' profits?
Write the equation for Total Costs and what is TC when profit is maximized - what is Total Revenue when profit is maximized?
What is opportunity cost and describe with the help of an example, why assumption of constant opportunity cost is very unrealistic and also calculate point elasticity of demand
The bank is constructing a new Internet banking strategy to entice new consumers to sign up. Your manager has asked you to contribute to this strategy through describing how money works.
How much effort do the students exert in the Nash equilibrium of the game introduced by Amalia and what value for the cake induces the students to exert the efficient effort level
you are the ceo of abc dress shirt corporation. competition is reducing your market shares and therefore reducing your
What difference does it make, if any, if technology is moving very fast in the market so that this game proves to be one-time-only simultaneous play?
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