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Question: A firm invents and obtains a patent for a new strong, biodegradable fabric that is used to makegrocery bags. The demand function for these bags is Q = 800 - p. The firm's cost function isC(Q) = 100 + 100Q + 0.5Q2.
a. Calculate the market equilibrium price and quantity.
b. In a graph, identify and calculate the size of the deadweight loss (DWL).
From the e-Activity, evaluate the reasons for differences in minimum wage rates across states. Explain why the rate in your state is different from others.
How much heat is exchanged when 100g of solution with a specific heat of 3.93 Jg-1K-1 has an increase in temperature of 5.2oC?
The work involves close cooperation and coordination with other inside and outside of the department. Candidate A has exactly the experience required, but appears to be very unsociable. Candidate A has exactly the experience required.
Antitrust authorities at the Federal Trade Commission are reviewing your company’s recent merger with a rival firm. The FTC is concerned that the merger of the two rival firms in the same market will increase market power. A hearing is scheduled for ..
Evaluate the result in (2) from perspectives of efficiency and equity drawing upon price/cost margins for your explanation. You may want to also consider issues involving the stability of collusive cartels.Then tell us what that means for rational ..
A firm can outperform its rivals through cost leadership or benefit leadership, but not through price leadership. Explain.
it has to be between 210-280 words for each bullet. consider that your team is a group of economic advisors working for
Cathy has one year left before she completes her degree in industrial engineering. She is spending this summer working for her family's firm, MMM (Molehill & Mountain Movers). MMM runs a fleet of heavy construction equipment and sells gravel for r..
A bank announces that it has changed its interest computation method to continuous compounding. Now $2000 left in the bank for 9 years will double to $4000. What is the nominal interest rate, compounded continuously, is the bank paying.
You work for a technology firm that offers a very generous employee stock purchase program as a benefit; you can but as much stock as you want and your employer will pay half the price. This means that the stock price would have to fall by 50% bef..
When oil prices were high, airlines were desperate to replace gas-guzzling planes with new, fuel-efficient ones. Given the daunting commercial outlook, many preferred to lease their new jets, leaving the leasing firms to stump up the capital requi..
Under what circumstances is an open economy likely to produce a lower level of equilibrium GDP compared to a closed economy? Would free trade still be desirable? Why or why not?
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