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1) Global Investment Group operates in a perfectly competitive industry with the following Cost and Revenue data:
Average Total Cost = $2.50; Quantity sold = 9000 Units; Price Per Unit = $3.50; Marginal Revenue = $3.50; Marginal Cost = $3.50:
a) What is the loss minimizing output level for the firm?
b) What is the Average Profit or Loss for the firm?
c) What is the Total Profit or Loss for the firm?
2) Global Marketing Group operates in a monopolistic competitive industry with the following Cost and Revenue data:
Average Total Cost = $5.00; Quantity sold = 5000 Units; Price Per Unit = $9.00; Marginal Revenue = $4.00; Marginal Cost = $4.00:
a) What is the profit maximizing output level for the firm?
The industry has been very fragmented, so that few companies have the financial backing to make heavy investments in new technology and equipment.
Find out the quantity demanded, the quantity supplied, and the magnitude of the shortage if a price ceiling of $30 is imposed in this market. Also determine the full economic price paid by consumers.
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Econ 301 Assignment, Find at least three other variables that may affect the return of equity of your choice
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The fixed costs at Harley Motors are $1 million annually. The main product has revenue of $8.50 per unit and $4.25 variable cost. Find out the following.
Consider a sharecropper whose contract calls for him to receive ¾ of the output produced in the farm on which he works. Suppose that the value of the marginal product of labor on the shared cropped land is given by 80-L. Where L stands for hours o..
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