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The semiconductor market consists of 100 identical firms, each with a short-run marginal cost curve SMC(Q) = 4Q. The equilibrium price in the market is $200. Assuming that all of the firm's fixed costs are sunk, what is the producer surplus of an individual firm and what is the overall producer surplus for the market?
A furniture manufacturer is considering moving its production to India. Its production function is: Q = 1.52L.6K.4. In Canada, w = $24 & r = $4. In India, w = $4 & r = $24. a. What is the K/L ratio in Canada If Q = 100, what is L & K in Canada What..
Assume that the John Smith, the manager of marketing division of Chevrolet at GM, estimated the given regression equation for Chevrolet automobiles:
he correlation coefficient for LGEXP and LGSIZE was 0.45. Explain the variations in the regression coefficients.
Which of the following would LEAST likely also happen along with Jordan's decision?
The manager of the company's pension fund is compensated based entirely on fund performance; he earned $1.2 million last year. As a result, the fund is contemplating a proposal to cap the compensation of fund managers at $100,000.
Without trade, the United States produces AND CONSUMES 32,500 units of clothing and 125,000 cans of soda.
Calculate the annual total cost of ownership. Which car do you prefer to buy if DN alternative does not exist? Find the value of x (x being the miles driven for each car per year), so that the total ownership costs are the same.
A firm in a purely competitive industry is currently producing 1000 units per day at a total cost of $450. If the firm produced 800 units per day; its total cost would be $300, and if it produced 500 units per day
High switching costs may lead to less innovation in network monopolies.
consider the following linear programming problemmin a 2bs.t.a 4blt or equal to 212a b gt or equal to 73a 1.5b lt or
The owner sells the property after the announcement but before the rezoning occurs. How much would a buyer pay if she expects to prevail in a claim for compensation with probability .5? What is the resulting loss to the seller from the zoning chan..
How do piece rates provide incentives to work hard?
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