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A monopoly's inverse demand function is p=Q-0.25A0.5,p=Q-0.25A0.5, where Q is its quantity, p is its price, and A is the level of advertising. Its constant marginal and average cost of production is 6, and its cost of a unit of advertising is 0.25. What are the firm's profit-maximizing price, quantity, and level of advertising?
Suppose the cost function is C(Q) = 50 + Q -10Q(squared)+ 2Q(cubed). What is the total cost of producing 10 units? Show your work.
A company employee is considering legal action against her employer. If she came to you for advice, how would you present to her the differences between a stereotype, prejudice, and discrimination? What two laws would you cite (list) to alleviate two..
q1. assume that an investor is risk-neutral i.e. suppose that an investor always chooses the investment with superior
Illustrate what is equilibrium level of Aggregate Expenditures in this economy. At equilibrium, illustrate what is level of Consumption in this economy.
The subsequent cell-phone offer by Sprint is typical of Illustrate what one can get on a cell phone plan. Illustrate what is marginal cost.
Consider the following Cobb- Douglas production for red bean coffee. q=(l^0.2)*(k^0.5). intutively, why are cobb-douglas production function more appropriate representations of reality than, say, linear production functions?
More than one million people travel by car from the suburbs to downtown Chicago each weekday. The commute using interstate highways (i.e. expressways and tollways) averages 90 minutes one way. Using side streets, the same commute takes only 60 minute..
Using the table for a period interest rate of 1.75%, what is the factor value that would be used for discounting a payment made at the end of period 36 to the equivalent at the end of period 3?
Suppose that pizza is a normal good. Suppose further that all pizza workers earn the minimum wage. What would happen to the equilibrium price and quantity of pizzas sold if income rises at the same time that the minimum wage rises? Explain.
Several medical studies have shown that drinking green tea is good for the heart and preventing cancer. How would such a study affect the public's demand for green tea at it's current price? How would it affect the type of plants that farmer's p..
Which of the following involve the asset allocation decision? What asset classes should be considered for investment?
Do higher saving rates affect longrun economic growth? Explain. Do higher investments in research and development affect longrun economic growth? Explain. Explain with the help of a graph how the efficiency wage might cause unemployment.
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