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A monopolist with a straight-line demand curve finds that it can sell two units at $12 each or 12 units at $2 each. Its fixed cost is $20 and its marginal cost is constant at $3 per unit.
a. Draw the MC, ATC, MR, and demand curves for this monopolist.
b. At what output level would the monopolist produce?
c. At what output level would a perfectly competitive firm produce?
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Suppose a $20-per-unit sales tax is imposed on consumers. What effect does this have on the industry demand curve? Find the new competitive price and output. Compare this answer to your findings in part b.
Let the before-tax nominal interest rate be 8 percent, and let the inflation rate be 4 percent. If the tax rate on nominal interest income is 25 percent, compute the after-tax nominal interest rate and the after-tax real interest rate.
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Why is real GDP targeting the riskier of the two strategies?
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Suppose the individual demand for a product is given by QD = 1000 - 5p. Marginal revenues is MR = 200 - 0.4Q, and marginal cost is constant at $20 there are no fixed cost. A. The firm is considering a quantity discount. The first 400 units can be ..
Using the regression results and other computations from Assignment 1, determine the market structure in which the low-calorie food company now operates.
What steps could be taken to make the federal individual income tax more progressive? Less progressive? What advantages does the income tax have over other taxes in terms of attaining a desired degree of progressivity?
The following statement was released through FOMC following recent meeting on March 21. The Group, although hopeful for a future of moderate growth with moderating inflation,
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