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A firm's total revenue is given by; TR= 30Q-Q^2
Its total cost function is given by TC= Q^2+10Q+10
a.find the profit maximizing output
b.what price will the firm charge to maximize its profits?
c.what are total profits?
d. Would a 50% tax on profits alter the firms output? by what amount and why?
Assume in this country they save 20% of their income, population grows at 3% every year also depreciation of capital occurs at 10% every year.
Describe Excess reserves make a bank less vulnerable to runs. why, then, don't bankers like to hold excess reserves. What circumstances might persuade them that it would be advisable to hold excess reserves.
Through international specialization and trade, a nation can reduce its opportunity cost of obtaining goods and thus ‘move outside its production possibilities curve.’”
Use the calculator to answer the question below. With a new government tax of $20 per carton, illusrtae what is the equilibrium quantity of cigarette cartons.
Explain is there a relationship among the age of an unemployed individual and the number of weeks of unemployment.
The income elasticities of demand for movies, dental services, and cloting have been estimated to be +3.4, +1, and +.5, respectively. Interpret these coefficients. What does it mean if an income-elasticity coefficient is negative?
Illustrate what would be the most likely maximum possible loss per share if you simultaneously place a stop-buy order at $128.
Illustrate what effect would customer expectations of substantial price increases in music players have upon the demand for portable music players in a completive marketplace
Elucidate how the market system efficiently performs the functions of communication, cordination, and motivation in the distribution of resources to consumers.
Does disposable income measure the before-tax income received by resource suppliers
Elucidate which of the following events would cause the price differences in these letters to get smaller.
When a worker announces that she plans to quit, say next month, the threat of being fired is generally not credible. The worker may find it in her interest to shirk. What can a manager do to overcome this problem?
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