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Q. You are the manager of a monopoly which faces a demand curve described by P = 230 - 20Q. Your costs are C = 5 + 30Q. The profit-maximizing price is
Q. Assume the graphs represent the demand for utilize of a local golf course for which there is no significant competition (it has a local monopoly); P denotes the price of a round of golf; Q is the quantity of rounds "sold" every day. If the left graph represents the demand during weekdays also the right graph the weekend demand, this profit-maximizing golf course should:
Explain how are protectionist policies from other nations predicted to affect China's relative supply and relative demand.
Elucidate how many units does each industry produce, elucidate how many industries will exist in this marketplace.
Suppose a consumer is at an optimum, consuming 6 hamburgers a week at a price of $1.50 each and 10 donuts a week at 50 cents a donut.
Assume the current market price of candles is such that there is a surplus.
Illustrate what would the new price also output in the market be. Illustrate what would the new level of output for the typical firm be.
Suppose that in the 1990's, the average retail price of a roll of Kodak film was $6.95 and that Kodak's marginal cost was $3.475 per roll. Based on this information, discuss industry concentration.
What happens to each of these values if the central bank changes the reserve requirement ratio to 3%.
If interest rates remain unchanged, what is the expected capital gains yield, stated as a percentage, over the next year for Bond A and for Bond B.
A flat tax plan allows individuals to deduct a standard allowance of $10,000 from their wages. Assume that the flat tax rate is 12%. Calculate the amount of income tax and the average tax rate if you were earning.
Write down the budget constraints when young also when old also the lifetime budget constraint for both types of consumers.
The ABC Corporation is contemplating purchasing a new computer system that would yield a before-tax return.
What would the annual percentage change in velocity have to be on average for the quantity theory to hold.
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