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A state owned company is providing electricity at the price of $0.105 and faces the demand for electricity P=1.255-0.001Q. The company has a cost function C(Q)=100.625+0.105Q. Commonwealth of Pennsylvania sells the firm, and now the firm’s only goal is profit maximization. a. What is the number of kilowatt hours of electricity produced and what is the price that company will charge? b. How much more profit will this firm make as a result of privatization.
Which of the following goods is likely to have the highest income elasticity? If demand for Rolls Royce automobiles rises in an area where incomes have increased, this tells us that a Rolls Royce is. Which English philosopher set out to develop an ar..
An environmentally friendly green home (99% air tight) costs about 8% more to construct than a conventional home. Most green homes can save 15% per year on energy expenses to heat and cool the dwelling. For a $250,000 conventional home, how much woul..
Describe three major shifts in the scope of the federal government’s power that occurred between the Civil War and the present.
q.review the biographies of each of the seven members of the board of governors. what can you say about the composition
Rosita owns a stock with an overall expected return of 14.40 percent. The economy is expected to either boom or be normal. There is a 52 percent chance the economy will boom. If the economy booms, this stock is expected to return 15 percent. What is ..
One reason that some whales were hunted close to extinction is that no one can claim ownership of a whale until it is killed. If property rights to the whale population were established
Identify Nick’s utility-maximizing consumption bundle on your graph, including his indifference curve that is associated with his optimal bundle. e. What is the value of his utility at this bundle?
Read "Game Theory Explained," located on the PBS website. Discuss your perspective on the use of game theory. How do "Nash Equilibrium" and the idea of one "player" impacting another "player" within an organization affect the economic decisions and g..
You have credit card debt of $25,000 that has an APR (monthly compounding) of 15%. Each month you pay the minimum monthly payment. You are required to pay only the outstanding interest. You have received an offer in the mail for an otherwise identica..
The company is Target Inc suggest a new vision and mission statement Identify key stakeholders that the new vision and mission will need to be communicated to. Support your choice of stakeholders. Develop a plan for communicating the new vision and m..
In 1998 real GDP was $4000 billion. Then, in 1999, nominal GDP was $5445 billion, while the general price level increased 10 percent in 1999. Given this information, the percentage change in real GDP from 1998 to 1999 is: A. 10.1% B. 12.5% C. 19.2% D..
Consider a company that assembles electric toasters using labor and robots. Suppose that in 1950, robots were so crude that they were useless in the assembly of toasters, so that toasters has to be assembled entirely by hand. Draw an isoquant map ill..
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