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You are given the following functions in a fully competitive market:
Market demand function: Qd = 20 - 3P Market supply function: Qs = 4 + P Where P is price
A) In which price should a fully competitive firm sell its product?
B) Compute the average revenue and the marginal revenue of a fully competitive firm
C) Illustrate in diagrams both the curves of the average and the marginal revenue.
If the returns of the risky portfolio are normally distributed, what is the probability of returns being less than 29%.
Elucidate why would a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system.
A facility for a production plant can be purchased for 155,000 with a down payment of 25,000.
Illustrate what would be a simple options strategy utilizing a put and a call to exploit your conviction about the stock price"s future movement.
What is approximately maximum amount rm is willing to pay to be allowed to use e more units of input x, for e small.
Elucidate how Illustrate what the balance sheet will look like (comparison to above) if Brimstone declares a 10% stock dividend.
Compute the arc price elasticity of demand for the price of paperback books falling from $7.00 to $6.50, the quantity demanded rises from 100 to 150.
what price will the firm charge to maximize its profits? what are total profits? Would a 50% tax on profits alter the firms output? by what amount and why?
Elucidate why liberals have traditionally endorsed national authority.
they pay 20 cents to the Lord High Mayor of Rabushka. What is the marginal tax rate in Rabushka for a worker whose income is $1 million?
Why these former employees faced difficulties because the market for their very technical skills was declining. These workers were.
Describe the type of product or service offered by the company. Describe the type of data that will be contained in a relational database managed by the company.
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