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Question :pleas give me full answer
1. If Q(p)=100/p and C=Q2,what is the optimal of output of the monopolist?
2. The monopolist faces a demand curve given by Q=10p-3 its cost function is C(Q)=2Q. What is its optimal level of output and price?
Quantities purchased are the same but prices are not. What does this mean in terms of the marginal rate of substitution at those quantities?
Explain with illustration the abnormal supply curve
"If you are the curator of a museum that charges a fee to enter and your boss wants you to increase revenue, what price change do you make?"
a practice uses 40 worth of a dentists time 30 worth of a hygienists time 10 worth of supplies and 15 worth of a
Do price reductions always result in higher profits? For example, If the demand for a firm's product is price inelastic, will the firm increase its profits by cutting its prices? Explain.
On balance one would argue that our society is mixed on the question of allowing firms to operate with market power; we certainly don't permit unregulated monopolies from operating but we do have a lot of industries where firms are permitted to..
Suppose a large firm is the price leader in an industry that is comprised of itself and a few other smaller firms. The large firm estimates the market demand for the industry’s (homogeneous) product to be QM = 81,000 – 200P, and it expects the smalle..
What are the values of the intercepts for the horizontal and vertical axis and What is the slope of this equation - What is the slope of this equation
Find the domestic price of hula beans that will result if the tariff is imposed. Also compute the dollar gain or loss to domestic consumers, domestic producers, and government revenue from the tariff.
1. How can the high unemployment hurt the growth of the GDP. Is the U.S. economy primarily driven by consumers or businesses? Why?. Let's look at the "crowding out effect". Please explain and define the crowding out effect,
philadelphia 76ers will have a guys night out campaign. for a group of 4 tickets purchased at 35 per ticket level fans
Tuition costs are expected to increase at the rate of 8 percent per year. The first year's tuition is due 5 years from now and will cost $6,000. A fund is to be set up today to cover the tuition costs for 4 years in an account that will earn interest..
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