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Q is measured in terms of thousands of customers, and P is a basic monthly price.a. Given the above information, what are the equations for the total revenue (TR) curve and the marginal revenue curve? Draw a graph for each one. TR=PQ. Note on Blackboard: the marginal revenue curve has the same intercept and double the slope of the demand curve. b. A first city council member believes that the city should operate the franchise and try to maximize profit. What would be the values for P and Q? You can get an approximate answer by drawing a diagram, or an exact answer by using calculus (the derivative of TC with respect to Q equals MC).c. A second city council member argues that the city should provide as much cable service as possible without losing money. Use a diagram for total revenue and total cost to find the values of P and Q where profit becomes zero, and where Q is as high as it can be without losses being incurred.d. A third city council member believes that the private sector should provide the service, but the private company that gets the franchise should pay 10 percent of its total revenue back to the city as an annual franchise fee. If the franchise would be given to the company promising to pay the largest franchise fee, what P and Q would occur? What will be the size of the annual franchise fee?
a study of 86 savings and loan associations in six northwestern states yielded thefollowing cost function c 2. 38 2.84
Describe how if at all each of the following events effects the location of a country’s production possibilities curve
Choose any 2-of the 4-basic strategies used to preserve security and identify and explain what assumptions are created about the opponent based each of the two strategies that you select.
Calculate what happens to the income of workers and orchard owners if the world price of apples doubles to $4. Ectenia has 200 workers who supply their?
If the goal of the transit authority was to maximize total revenues, what is the new price it should set? Also, what would the total revenue raised in this new price scheme?
write down the three functions of money and why are they significant? write down the differences between m1 and m2? how
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Give an example of an event that would shift the demand curve for secondary tickets to the Badger football game leftward. Explain your reasoning.
You are the owner of a fast-food restaurant. Given a new item that you recently advertised, you experience additional demand for your business that you do not want to ignore. Identify your fixed and variable costs at your fast-food restaurant,..
Start your discussion with the definition of "a central bank transparency" - what is it and then proceed to the discussion of advantages and disadvantages of a central bank transparency.
the san diego llc is considering a three-year project project a involving an initial investment of 80 million and the
Having a little trouble setting this problem up. Would appreciate the detailed set up and solution. A production function has 2 inputs - labor and capital. Both are perfect substitutes. Existing technology permits 1 machine to do work of 3 workers..
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