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Determine Optimal Price, Quantity and Economic Profit
A firm has a demand function P = 200 – 5Q and cost function: AC=MC=10 and a potential entrant has a cost function: AC=MC=20.a. Determine the optimal price, quantity and economic profit for the firm in the short run.b. If the firm wants to preclude all entry into the market what price, quantity and profit will it choose?c. What price, quantity, and corresponding profit occur if this a purely Competitive market?d. Assuming the demand function is identical for all buyers, determine the two-part tariff that maximizes profit for the firm.e. Determine the optimal price, quantity and economic profit for the firm if it is a pure monopolist.
effect of tariffs on national income and employment
Give two level of incomes 100$ and 150$ DRAW demand curve for individual a & b and then draw market demand curve for these two different kind of income
there are 1 million hours of labor available for making cars in the north, and another 1 million hours of labor available for making cars in the south. in a no-trade world, let''s
Mikes' preferences for consumption and leisure may be represented by the Utility function: u(C, L) = ( C-200)*(L-80) . His marginal utilities of leisure and consumption are (C-200
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my assignment is about richardian model and wanna ask you about few questions
Preference to Non-debt Creating Capital Flows: The most important element of strategy has been the paradigm shift in the attitude towards inflow of capital from abroad. Capit
I am risk averse, and trying to maximize my expected value of c0, 5, where c is my fortune. I have 50.000 in cash, and also art with a value of 200.000 which I keep in my basement.
NEW CLASSICAL BUSINES CYCLE THOERY: Yang, Xioaokai, Economics: New Classical versus Neoclassical Frameworks, Oxford: Blackwell Publishers. The book goes on to rigorously dev
Question 1: Tourism is often seen as a way of generating income, particularly foreign exchange. The economic spin-off effects are viewed as the most important aspect of touris
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