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A natural monopoly has a cost function c (q) = 400 + 25q and market demand D (p) = 200 - 2p. What are the monopoly's profit, output, and customer surplus when the price is set to marginal cost? Average cost?
you are the manager of a firm that has an exclusive license to produce your product. the inverse market demand curve is
A country's long -run equilibrium price level has increased, but the position of its aggregate demand schedule has not changed. what has happened what specific factors might have accounted for this event
A firm is a monopoly with demand and cost functions given by P = 200 – 2Q and C(Q) = 2,000 + 3Q2 respectively. Show your computations. Compute total cost. Compute total revenue. What is the price at the profit maximizing quantity?
A competitive market is intended to result in improved efficiency, though it will not necessarily improve equity. That is, a competitive market might encourage efficient production but may not necessarily result in a redistribution of wealth
assume that you have been appointed as the speaker of the house. you must deliver a speech about the current state of
How does and increase in consumers income affect the demandfor mcds big mac hamburgers? if the demand curve shifts, indicate whether it will shift to the right and draw a graph to illustrate the shift. label graph appropriately.
What is the law of diminishing returns? Can you provide an example of when diminishing returns have set in (could set in) at a work place?
1. you are considering employing manufacturing workers in japan in 1987. directly analogous workers for an
Derive the equation for the demand curve facing the airline during the winter month of January if P = $100, PC = 150, BAI = 200, and S+0 (Price should be expressed as a function of quantity.)
a betty has no savings but she can borrow at r .05. what is the maximum that betty would be willing to pay for an
A $90,000 investment is made. Over a 5 year period, a return of $30,000 occurs at the end of the first year. each successive year yields a return that is $3,000 less than the previous year's return.
Take a current environmental issue such as the Hurricane Katrina in New Orleans and examine it from the scientific, economics, and political perspective.
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