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A monopolist (AT&T) is facing the following demand schedule p=24-3Q. That is, Q=0 implies P=24, then Q=1 implies P=21, and Q=2 entails P=18, and so on. Fixed costs will be neglected in this analysis. The marginal cost is constant and equal to 3 for every unit produced. Determine:
i) Price and Quantity to yield the efficient solution
ii) The quantity produced and the amount of maximum profits.
iii) Compute the quantity produced and the amount of maximum profits when we impose a sales tax equal to 4 (per unit sold).
Explain the concept of scarcity and opportunity cost. Give an example of how it is applied in your everyday life - Explain how the exchange rate of Australian
What happens to the money supply, interest rates, and the economy if the Federal reserve is a net seller of government bonds?
Identify at least four (4) key points of a relevant economic article from either the Strayer Library or a newspaper.
A firm has a production function (products of the whole year) given by q = 500 LK . Wage is $40,000 per year and capital rental rate is $90,000 per year. Find the best way to produce 6000 products in a year. What is the total cost to produce? b. Fin..
What was the effective price you received for the motorcycle assuming an nominal interest rate of 8.5%? Show your answer to the nearest $.01.
Enrodes is a monopoly provider of residential electricity in a region of northern Michigan. Total demand by its 5 million households is Qd = 1,000 - 2P, and Enrodes can produce electricity at a constant marginal cost of $5 per megawatt hour. Consumer..
Navigate to the threaded discussion below and respond to the following: Choose two of the Key Concepts covered in the Chapters 1-4 readings (listed at the end of each chapter) and provide an explanation of each of the concepts in your own words. Your..
Share what you see the main themes or issues that were important the writer of at least one of the following feminist works: Be sure to reference the specific elements of at least one of the readings or audio in your response. We’ll follow up as a cl..
One way of estimating the impact of another year of education on individual’s earnings would be to survey individuals about their level of education and earnings and then estimate the following equation- What is the magnitude of a typical estimate of..
Compute the quantity of good X demand for the given values of P, M, and Pr. Calculate the price elasticity of demand E. At this point on the demand for X, is demand elastic, inelastic, or unitary elastic? How would increasing the price of X affect..
Miller and Wicks-Lim disagree. Explain why, referencing their arguments on a) the argument that high skill jobs aren’t the main type of employment available (use a statistic), What do the authors think is causing the current unemployment?
Your response is to incorporate correct referencing to the RTRA Act and or the Form 18a General Tenancy Agreement.
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