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Consider a competitive firm that faces a linear demand curve, P = 6-3Q,
where Q is the quantity demanded and P is price.
The firmâ€TMs total cost is: TC = 3Q
1. What output level will the competitive firm choose in order to maximize its profit?
2. What is the price at this output level?
If a sample of 110 artists was taken, find the average value above which only 15% would lie. Give your answer in dollars to the nearest dollar.
Discuss the role and the effect of reputation on cooperative behavior by selfish individuals. Discuss the biological reason for cooperative behavior with relatives.
what is the growth rate of constant- dollar real gdp using year 1 as the base year? What is the growth rate of constant- dollar ral GDP using year 2 as the base year?
Whay Tara is leaving her current job, which pays € 56,000 per year, to start a new company that manufactures a line of special pens for personal digital assistants.
What analysis might a manager do to learn more about a specific company or industry? Please provide at least three examples. What role does trade have pertinent to how an organization plans strategically?
If collusion is not allowed, what kind of market arrangement do you think is likely to result from competitive interactions among these four firms? Calculate the profits of these firms in either case (a and b).
A proposal has been made to increase the price paid by the consumers to the suppliers to $40. What will the resulting quantities demanded and supplied and the resulting utilization be?
What amount should be amortized for year ended December 31, 2007. On January 1, 2007, Alatorre incurred organization costs of $275,000. What amount should be expensed in 2007.
Graph all three curves. What is the relationship between the marginal-cost curve and the average total cost curve
Among different market structures, which one do you believe provides the highest possible return for a new company as well as why.
If there are multiple highest bids, then the winner is the bidder whose valuation is the highest or whose index is the smallest among the highest bidders.
Find out the real rate of interest earned by Albert in each of the three years and his total real return over the three-year period. Assume that interest earnings are reinvested each year and themselves earn interest.
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