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There are 100 identical firms in a perfectly competitive industry. Market demand is given by -200P +8000. If each firm has a marginal cost curve, MC = .4 q + 4.
What is the firm's supply curve? What is market supply? What is equilibrium price? Equilibrium quantity? How much will each firm produce?
Briefly introduce the company Starbucks, describe how Starbucks are using electronic media and e-mail. What type of media is Starbuck using and who is the audience.
The Bramwell Corporation has estimated its demand function and total cost function to be as follows:
You are given the following figures on economic base: primary employment: 10,000; Secondary employment 30,000 A) Determine the ration B) a New Factory engaged in primary employment is moving into the base and intends to employ 250 persons. What are t..
Suppose a decision makers utility function can be described by U(w)=w^0.5. What is this investment's certainty equivalence for this decision maker?
As the United States economy moves out of a recession, U.S. financial investors increase their purchases of stocks that are expected to earn a higher rate of return than they are currently earning on their savings account deposits.
Silver Springs Moving and Storage Inc. is studying the relationship between the number of rooms in a move and the number of labor
If the MARR is 15% per year, what is the best option? Contributed by Hamed Kashani, Saeid Sadri, and Baabak Ashuri, Georgia Institute of Technology
What is the principal remaining after 15 monthly payments have been made on a $23,000 four-year loan? The annual interest rate is 12% nominal compounded monthly. Please show all steps.
What two parts of government determine the federal budget? According to the quantity theory of money, when the money growth rate is significantly lower than the growth rate of potential GDP = real GDP, the economy is experiencing
Please discuss the consequences of such an interest rate rise on the US economy, taking into consideration the global ramifications.
Suppose the demand function for a particular good is given by: Q=100-2P. Calculate the point elasticity of demand at price of $10, $30, and $45. At what price and quantity is total revenue maximized? What is total revenue equal to at this quantity? S..
Wheelan (in Naked Economics) states that "the problem with Asian sweatshops is that there are not enough of them." How is Wheelan's statement illustrative of the concept that every market transaction makes all parties better off?
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