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A monopolist has demand and cost curves given by:
Q = 1000 - 2P
TC = 5,000 + 10*Q
Find average cost (AC), average variable cost (AVC), marginal cost (MC), marginal revenue (MR).
a. What is the quantity that maximizes profit? What is the revenue and profit at that point?
b. What is the quantity that maximizes revenue? What is the revenue and profit at that point?
Explain why does the profit motive does not automatically avoid air pollution in the production of steel and other products.
Marginal rate of substitution between leisure as well as labor as well as the marginal product of labor in the Robinson Crusoe model.
In general conclude which of the five competitive forces has the most significant impact on approach.
Illustrate what is the expected value of the future share price? b. Sharon buys a ticket in a small lottery.
Effects on equilibrium cost as well as quantity when wages for all dental assistants enhance, increasing the expenses of inputs.
Compute the contributions to GDP of these transactions, showing that expenditure also income approaches give the same answer.
What is retained earnings. What items increase balance in retained earnings. What items decrease balance in retained earnings.
which revealed that the buyers were, on average, willing to pay a premium of $295 for an IBM computer.
Illustrate what are some of the downside risks also potential problems involved when using fiscal policy.
There are two identical firms in this economy with constant marginal costs equal to 1 and no fixed costs. Assume that firms set prices and follow a Bertrand model to do so.
By signing a trade agreement illustrate what does this imply as regards international trade theory of the Ricordian model.
Rental cars should be treated as perfectly divisible. Be sure to provide numerical coordinates for any particularly key point.
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