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Consider a monopoly producing a good with the following inverse demand curve:
P (q) = 20 - 2q
Assume that marginal cost is
MC = 4 + 4q
(i) What is the optimal quantity for the monopolist? What is the corre-sponding price?
(ii) What is the socially optimal quantity?
Cost-Benefit Analysis" Please respond to the following: Provide a cost-benefit analysis for a company which has to decide whether to hire more staff or hire temporary workers to meet production.schedules.
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Illustrate what additional economic questions might you be able to study that you wouldn't with a traditional brick and mortar retailer.
during the last ten years Orlando, Florida grew rapidly, with new jobs luring young people to the area. Despite increases in population and income growth that expanded demand for housing, the price of existing houses barely increased, why
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Business if it was done by trade associations, certifications, and professional societies.
Assume Congress decides that oil companies are making too much profit and decides to tax oil companies for each gallon of gasoline produced. This would Answer shift the average fixed cost curve down. shift the marginal cost curve up.
Describe the lower price alter the marginal utility you originally placed on the item.
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