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Suppose a firm faces demand of Q = 300 - 2P and has a total cost curve of TC = 75Q + Q2 .
a. What is the firm's marginal revenue?
b. What is the firm's marginal cost?
c. Find the firm's profit-maximizing quantity where MR = MC.
d. Find the firm's profit-maximizing price and profit.
the Cadillac motor Car company is advertising a 24-month lease of a Cadillac Devil for $520 payable at the beginning of each month. The lease requires a $2,500 down payment plus a$500 refundable security deposit.
What are they? What are their similarities and differences? Which of these models do you find the most plausible?
And which would you consider more likely, that longer-term U.S. government bonds have a higher interest rate than short-term U.S. government bonds, or vice versa? Explain
If the local government can enforce a rent-control law that sets the maximum monthly rent at $1500, will there be a surplus or a shortage? Of how many units And how many units will actually be rented each month
Identify an example of a statistical research finding in a mainstream media outlet (newspaper, magazine, broadcast television, etc.) and then locate the actual study or peer-reviewed journal article that served as the basis of that media report.
f such legislation passes, what will be its effects on earnings inequality? (For a review of relevant concepts, see chapter 13.)
Discuss the problems the auditors should anticipate in planning for the observation of the physical inventory on this engagement because of the: 1 different locations of inventories; 2 nature of the inventory.
Suppose initially (period 0) the economy is endowed with $5 (billion) of capital stock and 10 (thousand) workers (let's ignore the units). We know that saving rate s is 0.15, population growth rate n is 0.01 and depreciation rate d is 0.09.
How does overshooting help to resolve the empirical behavior of exchange rates in the short run versus the long run?
Fit the logarithmic form of your demand function for your category of expenditure for the periods 1959-1990 and 1959-1994 and perform the Chow test of predictive failure.
Since you are not an expert on this type of equipment, you hire a consulting firm to make recommendations. The consultant charged you $1,500 and recommended the purchase of the latest model from Equipment Corp. of America.
Determine the Herfindahl index for an industry composed of three companies one with 70% of the market, and the other two with 20 and 10 percent of the market respectively one company with 50% share
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