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Consider a monopolist withe total cost function
TC(Q)=Q2/2+10Q+20
facing the market demand equation Q=70-P
a)What is the profit-maximizing output for the monopolist? Calculate its profit.
b) What is the socially optimal output and price for this firm?
Assume a friend tells you that her Economics instructor made two seemingly contradictory statements to the class. The statements were 1.
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If the desired reserve ratio goes down and banks take money out of reserve and put it into loans, doesn't that mean that the money multiplier comes into effect, affecting the money supply and also the total deposits?
Find information on GDP and its components and calculate the percentage of GDP for the following components for 1950, 1980 and 2005:
Find the optimal crude oil allocation in the preceding example if the profit associated with fiber were cut in half, that is, fell to $.375 per square foot.
For several years, Palm was the dominant manufacturer of PDAs (personal digital assistants). However, a number of other manufacturers have since entered the PDA market.
What is Country A's GDP - What is the composition of GDP by percentage and what is the GDP per capita
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Explain why is it that for sellers in a purely competitive marketplace, the price received for each item equals the marginal revenue.
Important information about Antitrust policy explain how would you expect antitrust authorities to react.
Cathy has one year left before she completes her degree in industrial engineering. She is spending this summer working for her family's firm, MMM (Molehill & Mountain Movers). MMM runs a fleet of heavy construction equipment and sells gravel for r..
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