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1. Suppose that the Total Cost for a competitive firm is given by C(Q) = 2Q2 + 2Q + 10.
a. Calculate the profit-maximizing quantity (Q*) that the firm will produce if the market price (P*) is $10.
b. Does the firm make a profit or a loss? Calculate the amount.
Explain how higher saving leads to a higher standard of living. What might deter a policymaker from trying to raise the rate of saving?
Do regulators need to use the macroprudential policy tools to control financial risks?
In a court case, a plaintiff claimed that the defendant should pay her $3 million for damages. She did not expect the judge to award her this amount.
most commercial fish species in nearly every ocean and sea are being rapidly depleted in what marine biologists and
question 1 evaluate the mu of x nbspin the following utility functions at x10nbspquestion 2.suppose you obtain utility
A solar thermal plant with energy storage capability is to be constructed at about a 40° latitudeto provide the electric energy to a system whose 24-hr average load is 100 MWe during the winter.Assume that the solar thermal power plant will have a 25..
Elmer's utility function is U(x, y) = min{x, y^2}. If the price of x is $15, the price of y is $20, and Elmer chooses to consume 7 units of y, what must Elmer's income be?The answer is $875.
Population growth If the population of a certain county was 100,000 in 1998 and 110,517 in 2008, and if the formula y = P0e.
Show that the result in part(a)implies that individuals will allocate their funds equally between x and y for the Cobb-Douglas case(8=0), as we have shown.
According to the table above, which year is used as the base year in calculating real GDP? Why? Using the formula for the GDP deflator given in class, calculate the GDP deflator for the last ten years and fill out the column labeled GDP deflator1
Explain the social inefficiencies in this scenario. Free entry by businesses into a market is generally taken to imply that the market is perfectly competitive.
Suppose that a vaccine is developed for a highly contagious strain of flu. The likelihood that anyone will get this flu decreases as more people receive the vaccine.
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