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Suppose a monopolist has the demand function Q = 1000P-3.
A) What is the firm's optimal markup of price over marginal cost?
B) What is the firms Lerner Index?
C) If the marginal cost is $10 per unit, what is the firm's monopoly-optimal price?
Illustrate the amount of total benefits-total costs also total net benefits at the selected quantity
On the other hand, you might also analyze in detail the effects of higher unemployment among a business cycle downturn.
Suppose Congress wishes to reduce the budget deficit by reducing government spending. Use the IS-LM model to illustrate graphically.
Assume that the position of a contry's long-run aggregate supply curve has not changed, but its long-run equilibrium price level has increased.
Which of the following is most likely to be an example of economies of scale? A. The per-unit costs on Excel Publishing Company's manuals fall because it adopted a new technology following a large order from the government. B. Alpha-Beta Inc. rais..
Like supermarkets, full-service department stores like Macy's are generally in decline. What factors might these types of stores have in common behind their declines How would you determine which were important and which were not
The price of beef is $ 1.50 per pound, and pork is $ 2.00 per pound. Assuming you have studied economics and achieved consumer equilibrium.
Quantity of pizzas demanded soared he following week from 1 pie an hour to 100 pies an hour. Illustrate what was the price elasticity of demand for Domino's pizza.
For the same loan described under Q3, the individual decides that instead of selling the house after the 71st payment, to keep it and shorten the pay off period by increasing the montly payment by $150 each month. What is the number of months re..
Suppose that in 1984 the total output in a single-good economy was 10,000 buckets of chicken and the price of each bucket of chicken was $10. In 2005 the price per bucket of chicken was $20 and 25,000 buckets were produced. Determine the GDP price..
GDP per capita in a nation like Switzerland can have a low GDP per capita also still have a high standard of living.
Explain how you think macro-economics applies to Walmart. What would it contribute to your understanding of this organization's prospects.
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