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A price-taking firm's variable cost function is VC= 2Q^3 where Q is its output per week. It has a sunk fixed cost of $500 per week. Its marginal cost is MC= 6Q^2 a. What is the firm's supply function when the $500 fixed cost is sunk?
consider the market for shiraz wine. the market demand and supply are given byqd 10 - pd and qs 4 2 psa. find the
it is unfair but true that bad things happen. unfortunately when people expect bad things to happen they often make
Suppose that there is a bond that will pay $500 for each of the next three years (the first payment is one year from now). At the end of three years the bond matures and the holder receives the $10,000 face value of the bond. If the market ra..
Why does not a political equilibrium lead to efficiency in the way that equilibrium in private goods markets does?
The following represents the potential outcomes of your first salary negotiation after graduation:Assuming this is a sequential move game with the employer moving first, indicate most likely outcome. Does the ability to move first give the employe..
What is the formula for calculating the unemployment rate?
consider the following sample measurements 5 11 -1 8 2 7 5 1 -10 -6 4 121. determine the mean the median the range and
1 an economist who is studying the relationship between the money supply interest rates and the rate of inflation is
Discuss the current monopoly to provide a brief overview of the company. How did the monopoly arise? Did the monopoly increase barriers to entry? Does the company behave like a monopoly or more like a competitive firm?
Discuss the direction of change in price, quantity, and average total cost that you expect. Then check your answer by calculating price, quantity, and profit. You can refer back to graphical problems you solved in this news analysis to observe the..
Allen and Aimee put $70,000 of their own money into the firm
Suppose that firms in the short-run are earning above-normal profits. Describe what will take place to these profits in long-run for the following markets:
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