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Suppose a textbook monopoly can produce any level of output it wishes at a constant MC and AC of $5 per book. Assume that the monopoly sells its books in two different markets that are separated by some distance. The demand curve in the first market is given by:
Q1=55-P1
and the demand curve in the second market is given by:
Q2=70-2P2
If the monopolist can maintain the separation between the two markets, what level of output should be produced in each market and what price will prevail in each market? What are total profits in this situation? How would your answer change it it only cost demanders $5 to mail books between the two markets? What would be the monopolist's new profit level in this situation? How would your answer change if mailing costs were $0?
exhales 30.0 times per minute, that the exhaled air is at a pressure of 1.00 atm, and that the air behaves as an ideal gas. Calculate the time in hours before a fire fighter using such an air tank runs out of air.
Consider a household that possesses $100,000 worth of values (computers, electronics, jewelry, etc). This household faces a 0.10 probability of a burglary. If a burglary were to occur, the household would have to spend $20,000 to replace the stole..
utility if a function of income (I), given by: \(U = 101\) as long as I is less than or equal to 300. If I is greater than 300, your utility is a constant equal to 3,000. Suppose you have a choice between having an income of 300 with ce..
Identify the purpose for each step in claim adjudication process. Explain the relationship between each of the different steps. Provide a one-sentence summary describing how claims adjudication is important to the medical billing process.
Write paragraph explaining your use of different prewriting strategies to plan your IP 1. Identify the specific prewriting strategies and how each contributed to the development of your thesis statement and supporting ideas.
Your law firm represents a judge who was recently arrested for driving under the influence of alcohol. When police pulled him over and arrested him, they failed to read him his Miranda rights.
Make a rough sketch showing how the following properties of a baseball depend on time, from the moment it is hit high into left field to the time it is caught by the outfielder. You may neglect the effects of friction!
Suppose that you have utility as a function of income (I) given by the equation: \(U = \sqrt{501}\) Consider a lottery that provides a payoff of $0 with probability 0.75 and $200 with probability 0.25. What is your utility if you receive a sure..
What is the smallest number of packages of buns, packages of patties, and jars of pickles, respectively? Express your answer as three integers separated by commas.
Assuming that input prices do not vary with the level of output, does this production function display economies of scale? b.The firm is producing in the short run with capital fixed at 9 units. The fixed costs of the firm are $1000 in the short ru..
faith that the laws of supply and demand always hold, why is it that the "popular" gifts for the holidays always sell out early.
Elucidate why this information does not allow you to establish limits on the terms of trade between these two countries.
Suppose the following equations explain a hypothetical economy where both price level and interest rates are fixed. Find the equilibrium level of income in this economy
Explain why is there free trade among states in the United States but not necessarily among countries.
The questions posed are broad and open ended so be careful to allow yourself enough research and planning time.
Draw a bowed-out production possibilities curve (PPC or PPF) with an aggregate measure of medical services, Q, on the horizontal axis and an aggregate measure of all other goods (and services), Z, on the vertical axis.
Briefly explain the tools that governments have to move the economy from either a recessionary or expansionary gap to the long run equilibrium level.
Find the equilibrium price and quantity. Find the elasticity of demand and the elasticity of supply, evaluated at the equilibrium price and quantity. Is demand elastic, inelastic, or unit elastic? Is supply elastic, inelastic, or unit elastic?
If the needs return on the stock is 13 percent, what is the present share price.
Elucidate three manufacturing companies that experienced large percentage increases in the number of firms between 1997 and 2002.
As we all know that the value of dollar depends on what determines supply curve and demand curve on the foreign exchange markets, which obviously is linked to supply and demand for underlying transactions
Describe how globalization impacts the capital budgeting decisions of multinational firms? Be sure to carefully explain your reasoning.
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