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You are the manager of a monopoly and your demand and cost functions are given by P = 200 – Q and C(Q) = 2,000 + 3Q^2, respectively. I answered a & b, just need help with the others.
a. What price-quantity combination maximizes your firm’s profits?
Although the U.S. does not have the highest saving rate in the world, Americans save more money than citizens of every other country
Estimate total revenue function and the marginal revenue function with just this information.
Utilize the equation to give as much information as possible about the demand for potatoes.
Suppose two equally risky shares, Hi and Lo. Hi shares pay a generous dividend and offer low expected capital gains. Lo shares pay low dividends and offer high expected capital gains.
Assume an airline flying on the Charlotile - Chicago route has estimated the demand curves for three different types of customers: business
You are a division manager at Toyota. If your marketing department estimates that the semiannual demand for the Highlander is Q = 150,000 - 1.5P, what price should you charge in order to maximize revenues from sales of the Highlander?
The number of repairs manufactured through a computer repair shop depends on the number of employees as follows:
Illustrate what are two reasons economists support free trade. Can you list what three of those assumptions likely.
Organization where the market demand is given by QD = 1,500 - 40P, in the long-run equilibrium there will how many firms.
"When the British government tripled university fees for foreign students in Great Britain, about one-half of them left to study in other countries." What is the implied price elasticity of demand by foreigners for a British education is (in absolute..
Women have increased the amount of education they have achieved relative to men, and average years of schooling completed are now approximately the same for males and females. Human capital theory predicts that this would close the male-female ear..
With the unemployment salary at an hourly rate of $7.25 do youbelieve that this helps our economy, does it hurt oureconomy Should it be higher as there are other states andcountries that have a higher base salary for unemployment.
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