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Based on the best available econometric estimates, the market elasticity of demand for your firms product is -2. The marginal cost of producing the product is constant at $150, while average total cost at current production levels is $225.
Determine your optimal per unit price if:
a. You are a monopolist.
b. You compete against one other firm in a Cournot oligopoly.
c. You compete against 19 other firms in a Cournot oligopoly.
Calculate the maintained mark up percentage for a department under the following conditions:
The loss to society resulting from a tax includes the
Read the paper “Asymmetric Information, Adverse Selection and Online Disclosure: The Case of eBay Motors” available in the Learning Materials folder (scroll down to the bottom). Respond to the following questions: a. When you, as a consumer, buy used..
Suppose the money supply is currently $400 billion and the Fed wishes to increase it by $200 billion. Given a required reserve ratio of 10%, how much the Fed should increase money supply? If the Fed decided to change the money supply by changing the ..
Suppose you have the generic demand curve. Calculate demand using the current market conditions. Is P1 a substitute or complement? (Why) Is P2 a substitute or complement? (Why) Is this product normal it inferior to Income? (Why)
Projects A requires an initial outlay of $1000 and yields $41200 in 4 year's time. Project B requires an outlay of $30 000 and yields $35 000, after 4 years. Which of these projects would you choose to invest in when market rate is 3 percent."
The market for LED desk lamps is perfectly competitive, with market supply given by Q = 25P – 900 and market demand given by Q = 850 – 10P. Find the equilibrium price and quantity in this market. Calculate the consumer surplus, producer surplus, and ..
A manufacturer borrows $85,000 for machinery. The loan is for 10 years at 12% per year. What is the annual payment on the machinery?
Review the article "Business Ethics and Stakeholder Analysis" by Kenneth E. Goodpaster, found at the NAU Library website. This article discusses "The Stakeholder Paradox."
Why do you think China is now a favor location for so much high technology manufacturing activity? How will China increasing involvement in global trade help that country? How it will help the world develop economies? What potential problems are asso..
write a paper addressing the following questions and reflections.part a stakeholders amp interrelationships 1. describe
What feature(s) of Medicare would cause an economist to say that “Medicare stinks as insurance”? Medicare supplement insurance is available from the commercial market and most commonly covers ‘up-front’ deductibles and least commonly covers “high-end..
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