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Suppose the firm is a monopolistic competition firm whose demand function is X= 100 - 2P, Assume that there are no barriers to entry and the firm sells at equilibrium 20 units.
a. What is the average cost of the firm?
b. What can you say about the marginal cost of the firm?
Suppose that consumer spending is expected to decrease in the near future. If output is at potential output, which of the following policies is most appropriate according to the AS/AD model
Various levels of government use taxes and fines to influence behavior of the public. The State of Iowa and Iowa cities use taxes on alcohol, tobacco, gambling, gasoline, pickup truck license plates, and speed camera fines for this end. Pick one o..
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If your cost of producing bran muffins is C(Q)=.5Q, determine the optimal number of bran muffins to sell in a single package and the optimal package price
Elucidate the adjustment that will take place in the catfish farming industry in Louisiana that will result from the implementation of the pollution fee. Use diagrams with "U" shaped cost curves.
As a system administrator at Adatum Inc., a small company that has about 25 employees. You have 3 servers and 25 workstations to manage. Design and implement a DHCP solution for your company using Windows Server 2012 R2 that meet these requirement..
Find the Cantina's minimum efficient scale and its average cost when operating at minimum efficient scale and find the Cantina's marginal revenue function.
Discuss your perspective on the use of game theory. How do "Nash Equilibrium" and the idea of one "player" impacting another "player" within an organization affect the economic decisions and growth of an organization?
demand for potatoes is given by qd 10 ?? 9p with q measured in tons. the supply of potatoes is given by qs p2.a show
suppose the indiana power company wishes to maximize profits. the cost demand and revenue functions have been
Provide five negative consequences to British living standards during early industrialization. Provide five explanations for why Britain industrialized first.
What is the minimum level of v for which the union does not require any compensation for change in the first period? Interpret your result in light of the model studied in class. When does the model suggest that innovation will be stalled by a uni..
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