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Phillip Haynes is the controller of a company that has the sole authority to manufacture your product. The inverse market demand curve is P=900-1.5Q. Your total cost equation is C(Q)=2Q+Q2. What is the output you should produce, the price you should charge, and your profits.
Long-run aggregate supply has this characteristic because
A paint firm has just announced that it will be building a new plant in a small town that is currently experiencing a high level of unemployment. The new plant will create 500 new jobs in the area and will occupy unused land at the edge of town.
If Sempronius’ utility function is v(x) = 5((x)^(1/2)) + 99, he has exactly the same certainty equivalent and risk premium as above, with utility function u(x) = (x)^(1/2). Calculate Sempronius’s risk premium for v(x) =(x)^(1/4). Suppose Sempronius c..
How can an entrant mitigate the risks associated with sunk costs? How might sunk costs of entry actually facilitate entry?
A mathematical approximation called the rule of 70 tells us that the number of years that it will take something that is growing to double in size is approximately equal to the number 70 divided by its percentage rate of growth. If real GDP per perso..
Calculate GDP loss and government expenditure needed to eliminate this loss if full employment GDP is $400, unemployment rate 8.9%, and the MPC is 0.8.
Suppose you consume nothing but goods X and Y. We have two years.
The radio announcer just finished up the daily market report during which they stated that the price of wheat has risen to $4 per bushel. What type of statement did the announcer make?
Identify the peculiarities of tourism as a product compared with everyday goods and services which consumers may demand. Why is repurchase consumer decision making particularly important in travel and tourism demand.
q. assume the industry demand for a product is p 1000 - 20q. assume that the marginal cost of product is 10 per unit.a
A firm uses two variable factors and a production function of f(x,y) = (2x + 4y)^.5. Write down an equation describing the firm’s map of isoquants.
What is the relationship between the ethical obligation of honesty and truth telling? Is it ever proper to not tell someone something he or she has a right to know? If so describe under what circumstances this might be the case How does this square w..
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