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The manager of a local monopoly estimates that the elasticity of demand for its product is constant and equal to -3. The firm's marginal cost is constant at $10 per unit.
a. Express the firm's marginal revenue as a function of its price.
MR = x Pb. Determine the profit-maximizing price.
Analyse both the conventional and unconventional tools used by central banks and type of unemployment is responsible for this reduction in the unemployment rate? Explain your answer.
Utilizing fully explained indifference curve analysis, derive a demand curve for a product.
Illustrate what do you think are the most significant determinants that would impact the supply part of the banking industry.
Choose a nation and an economic concern, such as population, unemployment, etc. Look for the Library and Internet for data sets for the concern that you have chosen.
Describe briefly the reasons why the following transactions would or would not be included in GNP and compare and contrast stabilization policy recommendations of monetarists and activists.
At a product price of $56, will this company produce in the short run explain why or why not? If it is preferable to produce, what will be the profit-maximizing or loss minimizing output
Assume the government mandates that all firms over 50 employees must provide an increased level of health care benefits. Could you please describe what effect this will have on the aggregate supply curve.
Assume the effect on the marginal expenditure curve and compare the pre- and post-minimum wage equilibria.
The Law of Demand states that the demand for a product is inversely related to the price of such product. Therefore, the demand for a product is considered downward sloping. This implies that quantity demanded increases when price decreases. Is th..
An entrepreneur plans to convert a building she owns into a video-game arcade. Her main decision is how many games to purchase for the arcade.
make comparision between the situation after both of these changes have happened with the situation before any of these changes have happened.
What would like to know and how to get the equation. Your help is greatly appreciated.
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