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A market analysis conducted by SUNY Canton suggests the following market demand and marginal revenue relations: Public Demand: PPU = 225 - 0.005QPU and MRPU = 225 - 0.01QPU Student Demand: PST = 150 - 0.01QST and MRST = 150 - 0.02QST Total fixed cost, marginal cost and total variable functions are, respectively:
1. Calculate the profit-maximizing equilibrium price and quantity in each market segment
2. Calculate the total revenue, total cost, and total profit.
For decades the U.S. has been a major manufacturer of the World consumer goods. Nowadays, many items we buy from the United States are made in China. What are the economic implications of this practice to both countries?
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Assume that the history of the game is common knowledge. That is, in period t, the past choices of effort for all doctors over periods 1, ..., t - 1 are observed
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After AT&T was split up by government litigation into a number of different entities (i.e., local phone companies, a long-distance phone company and a phone equipment manufacturer), what was the result on competition in the phone market?
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If thousands of consumers begin buying MP3 players, illustrate what will take place to provide as a result.
How can a bank manage its liquidity risk while still pursuing profit?
If you were the CFO of a company that had to decide on hundreds of potential projects every year, would you want to use sensitivity analysis and scenario analysis or would the amount of arithmetic required take too much time and thus not be cost-effe..
Assume a perfectly competitive firm is currently producing 5,000 units of output and is earning $15,000 in total revenue. The corresponding average total cost is $3.50 and total fixed costs equal $1250. Based on this information, should this firm con..
Why is it too simplistic for U.S. citizens to point their fingers at the less developed countries of the world and insist that they reduce their pollution emissions and their contributions to global warming?
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