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The total cost of production for your firm is 5000 + 200Q, where Q is your level of output.
(a) For what levels of output does your firm have economies of scale? Is this a case for natural monopoly? Why
(b) Now assume you are a monopolist, and the demand for your product is P=2000-5Q. What price will you charge? How much deadweight loss will your firm created?
(c) Now assume your firm is subject to regulation, where price is set equal to average cost. Now what will your price be? How much deadweight loss will your firm created?
(d) After the election, you decide your firm is not making enough money. So you hire the lobbying firm C&E. C&E are able to convince regulators that you should set your price equal to 110 percent of your (average) costs. Now what is the price and deadweight loss?
Illustrtae what are the nominal rates of interest for both the United States and the euro area?
Article: Why you should worry about big oil. The oil industry is in the business of extracting and selling oil. It is the goal of the oil companies to do this as efficiently as possible.
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Assume the effect on the marginal expenditure curve and compare the pre- and post-minimum wage equilibria.
Illustrate what percentage of the CEO's total earnings is tied to profits of the firm.
The XYZ Corporation has estimated the expected cash flows for 1996 to be as follows, Calculate Expected value, Standard deviation, Coefficient of variation
Use the information on U.S. real GDP below to calculate real GDP per person for each year. Then use these numbers to compute the percentage increase in real GDP per person from 1987 to 2005.
Suppose this society produces twenty million tons of food and six million tractors per year. Is it operating on its production possibilities frontier? d. What factors might cause this nation to produce at a point within its production possibilities f..
The government uses policies like student loans and free trade to influence economy's incremental rate.
We have learnt that in a perfectly Competitive market, all cost savings from a technological advance are passed along to cnsumer in the form of lower prices
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The advent of the one man bus involved more capital equipment: an automatically operated coin box and door control device - to name two of the capital goods that replaced the conductor."
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