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Your firm's research department has estimated your total revenues to be R(Q) = 3,000Q - 8Q2 and your total costs to be C(Q) = 100 + 2Q2. (Note that MB = 3,000 - 16Q and MC = 4Q.)
a. What level of Q maximizes net benefits (profits)?
b. What is the maximum level of net benefits (profits)?
Can one be productive working at home? Please describe in detail of whether or not your choice on this.
the grocery store next door provide an offers to double coupon night for Senior Citizens.
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What are four ways to increase an economy's real output?
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If older workers have a tax elasticity of labor supply equal to 0.20, by how much will their work activity decline when they reach the Social Security earnings test limit? (Recall that the Social Security earnings test limit is 50 percent. Assum..
A private college adds a small café to its building to cater to the needs of its own students. The total cost of the facilities for the café is $100,000. After a year of operations the college determines that operating the café is interfering with..
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Discuss the market for pharmaceutical drugs. Is the market for pharmaceutical drugs an oligopoly market or a monopolistically competitive market. Discuss the importance and cost of research and development. Does every drug pay off.
You have done some research and believe that the master's degree will add $6,000 per year to your salary for the next 10 years of your working life, starting at the end of this year. From then on, after the next 10 years, it makes no difference.
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