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If a firm faces the marginal cost schedule MC = 180 + 0.3q2 and themarginal revenue schedule is MR = 540 - 0.6q2 and total fixed cost isRs. 65 what is the maximum profit it can make?
How did the recent turmoil in financial markets likely affect the performance of the overall economy, especially the behavior of the inflation rate and real GDP
The following equations show market demand and supply, respectively: Qd = 10,000 - 1,000P Qs = -2,000 + 1,000P What is the equilibrium price and quantity in this market?
Do you agree with Keynes assessment that wage-price rigidity requires government's involvement in the markets? Why? Why not?
Consider an industry that has eight firms, with the following market share percentage: 30, 20, 12, 10, 10, 8, 7, and 3. Calculate the four-firm concentration ratio and the (eight-firm) HHI for this industry.
East Chicago is a major production center of steel in the United States. In the process of producing steel, the firms in this are emit pollution both into the air and into the water which adversely affect Indiana residents. The EPA has determined ..
Suppose the market demand function is given by: Q = 100 - 2P , where Q: total quantity, P: market price. And in this market there are two firms with MC=AV=$10. Find each of the following: 1. Perfect competition price, quantity, and consumer surplus
The financial advisor is weekly column in the local newspaper. Assume you must answer the following question: "I recently retired at age 65, and I have a tax-free retirement annuity coming due soon.
suppose a single parent can work up to 16 hours per day at a wage rate of 10.00 per hour. various income maintenance
Kyle is an English PhD student; there is some chance he will get a prestigious university job that will pay him $80,000/year (probability p). If he does not get this job, he will have to take a job at Starbuck's, paying $25,000/year.
a bank is offering to sell 6-month certificates of deposit for $9500. At the end of the 6 months, the bank will pay $10000 to the certificate owner. based on a 6-month interest period, compute the nominal annual interest rate and the effective ann..
A financial crisis in Vietnam has reduced the income available to Vietnamese consumers.
John has decided to start his own lawn-mowing business. To purchase the mowers and the trailer to transport the mowers, John withdrew $1,000 from his savings account, which was earning 3% interest, and borrowed an additional $2,000 from the bank.
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