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The widget Industry in Anytown is a monopoly, controlled by Widget Corp. Its demand curve for the local market is given by P = 800 - 20 W Where W represents the number of widgets sold per period. The total cost function (including opportunity or implicit costs) for Widget Corp. is TC = 300 + 500 W + 10 W2 a. Assuming the industry is unregulated, what are the equilibrium price and output and economic profits earned by Widget Corp.? b. If the industry is regulated and the regulatory authority forces Widget Corp. to earn only a normal return on investment (which is included in its cost function), what is the resulting equilibrium price and quantity? c. What happens to consumer surplus? What happens t o the economic profits earned by Widget Corp.?
Four mutually exclusive projects are being considered for a new two-mile jogging track. The life of the track is expected to be 80 years, and the sponsoring agency's MARR is 12 percent per year. Annual benefits to the public have been estimated by..
What are the dimensions of this rectangle?
What are the factors related to the examinee that can affect the assessment process. (e.g., motivation, previous test experience, health and emotional status, etc...)
Find the Fourier series for the odd extention of the function
Consider the following game: There are 5 pirates on a boat, conveniently named P1, P2 P3, P4 and P5. These 5 pirates have just dug up a long lost treasure of 100 gold pieces. They now need to split the gold amongst themselves, and they agree to do..
Because the car has an airbag, an alarm, and antilock brakes, the insurance company has assigned a rating factor of.95 to the policy. As her auto insurance agent, calculate Karen's total annual premium.
Let A be the area under the graph of an increasing continuous function f from a to b, and let Ln and Rn be the approximations to A with n subintervals using left and right endpoints, respectively.
At East Zone University there are 627 students taking College Algebra or Calculus. 417 are taking College Algebra, 261 are taking Calculus,and 51 are taking both College Algebra and Calculus. How many are taking Calculus but not Algebra?
Some states are required to balance their budgets. Is this measure stabilizing or destabilizing? Suppose all states were committed to a balanced budget philosophy and the economy moved into a recession. What effects would this philosophy have on t..
Among the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound money supply, a low saving rate, poor capital base, and lack of foreign exchange. Explain how these problems are inte..
Show in an IS-LM and AS-AD graph the effects of an increase in government spending. Next, using the same graph, show how the economy will transition back to the natural rate of unemployment. Explain intuitively how this transition takes place.
Explain How did the resolution affect the short and long run costs of the firm. What are the lessons to be learned that can be applied to your position at Acme Motors in Nuevo Laredo.
Compute the coefficient of price elasticity for the price ranges given in the schedule and complete the first column of the table. What do you notice about the algebraic sign of the values you have just computed? Why is this so?
Determine the conditions of perfect competition. Name each and describe with an example how the real markets can violate one of more of these conditions.
Assume that the following table describes prices, incomes, and every person lobster consumption in three U.S. cities.
Discuss the criteria that might be applied in determining if a court should uphold a state's expropriation order or nationalization of private property. Cite to any international case that is relevant. Is there an" American counterpart" case in th..
Illustrate what are some of the traditional international trade theories that support the concept of globalization.
Industry structure is often measured by computing the Four-Firm Concentration Ratio. Assume you have an industry with 20 firms and the CR is 30 percent. How would I describe this industry?
Suppose you are provided with the following production relationships, where the input is fertilizer (pounds per acre) and the output is rice (cwt per acre). Using graph paper, please graph AVP, MVP, and MFC
All firms in a Cournot monopolistically competitive industry have the same cost function C (q)= 25 + 10q. Compute the equilibrium price, total output, firm output and number of firms in the industry.
Graph the answer and shade or show if it has a feasible solution, is unbounded, has no solution, has multiple solutions or is redundant.
Since inventories are not a large component of GDP, how can they affect GDP so sharply explain how will the replenishment cycle affect GDP in the near future?
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