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Consider the following table. The price of the product is $3. Quatitity Total cost 0 $102 114 126 138 1510 2112 2914 39
a. Calculate profit for each quantity. How much should the firm produce to maximize profit?
b. Calculate marginal revenue and marginal cost for each quantity. Graph them. At what quantity do these curves cross? How does this relate to your answer to part (a)?
c. Can you tell whether this firm is in a competitive industry? If so, can you tell whether the industry is in a long-run equilibrium?
questionsuppose the market for semiconductors in the u.s. is characterized byqd 200 - 40pdemandqs 40 40psupplythe
The value of R2 seems quite low. Does this mean the equation is invalid? Given the setting, why might one expect a low R2? Suppose the S&P index is expected to fall by 1 percent over the next month. What is the expected return on PepsiCo's stock?
1. here is the production possibilities table for war goods and civilian
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Defend your opinion and support your ideas with facts. Also, explain how this issue relates to the Saint Leo core values of Responsible Stewardship and Integrity.
Assume there is an increase in the price of electricity (which is the result of a decrease in the supply of electricity), and electricity and natural gas are substitutes. How would this affect the demand for natural gas, and what would happen to the ..
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Choose any firm and think about its buying and selling activities -everyone buys and sells, or at least "procures" and "supplies", or otherwise participates in exchange transactions.
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If the elasticity of demand for X is 0.25, then moving along the demand for Good X: a: A 10% rise in the price of X will lead to a 25%fall in the quantity of X demanded b: A 10% rise in the price of X will lead to a 2.50% fall in the quantity of X de..
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to save on gasoline expenses edith and mathew agreed to carpool together for traveling to and from work. edith
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