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Assume you are the manager of a business with the total cost function C(q)=50+5q2 and you sell your output in a competitive market at a price of p=250 dollars per unit. Then, to maximize your profit you should produce
Why might economists prefer tariffs to quotas?
Suppose that buses arrive at a bus stop every 15 minutes and the waiting time for the next bus to arrive has a uniform probability distribution on the interval from 0 to 15 minutes
In order to derive an individual's demand curve for salmon, we would observe what happens to the utility-maximizing bundle when we changea. income and hold everything else constant. b. the price of a close substitute and hold everything else constan..
suppose the price of local cable tv service increased from 16.20 to 19.80 and as a result the number of cable
1.Health care expenditures represent an increasingly large portion of the economy. Currently health care expenditures are growing past 20% of GDP. Part of the increase in expenditures relates to the choices patients make about the type of ca..
identify and define the three categories of compensation arrangements. give examples of specific arrangements in each
what happens to the money supply interest rates and the economy if the federal reserve is a net seller of government
Colombia's current worth and cash flows and Colombia's FDI strategy (economic growth stategy)
United States winter wheat production rise dramatically in 1999 after a bumper harvest. The supply curve shifted rightward; as a result, the value reduced and quantity demanded increased
suppose that a firm is currently charging 45 for its product. the firm knows that its marginal cost of producing the
Select an industry or firm and state what is the market structure (pure competition, or monopoly, or monopolistic, or oligopoly).Define the characteristics of the industry or firm to support your selection of a market structure. Explain or illustrate..
Presume that each firm must make an upfront investment of $1000 to enter the market and t that your competition has already paid this investment and chosen is non recoverable (sunk). Must you make te $1,000 investment and enter the market? If so, how..
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