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Suppose a monopolist faces the following demand curve: P=596-6Q. Marginal cost of production is constant and equal to $20, and there are no fixed costs.What is the monopolist's profit maximizing level of output?What price will the profit maximizing monopolist produce?How much profit will the monopolist make if she maximizes her profit?What would be the value of consumer surplus if the market were perfectly competitive?What is the value of the deadweight loss when the market is a monopoly?"
Examine the charts and correlation tables. Do men or women pay (on average) higher rents? How can you tell?
Valles Global Industries has a small division that addresses the oil business. Currently, they are thinking about a pumping problem in the Durango Quadrant. They have an existing pump that will extract 50% of the known crude-oil reserve in the f..
the company's variable cost for siding are: Output in of houses 2 at VC $26,000,3 housesat $32,000, 4 at $36,000, 5 at $42,000, 6 at $50,000, 7 at $60,000, 8 at $72,000, 9 at $86,000 and 10 house at VC $102,000.
1. For the each of the following functions: 1) find a function for an indifference curve that delivers u=u? units of total utility: 2) Calculate the derivative (dy/dx) of the function (i.e. the instantaneous rate of change). Find the total differe..
Suppose the dollar interest rate and the pound sterling interest rate are the same, 5 percent per year. What is the relation between the current equilibrium $/£ exchange rate and its expected future level? Suppose the expected future $/£ exchange ..
suppose that there are 100 identical individuals (denoted j) in the economy each with the inverse demand equation P = 200 - 60qj. How do you solve for the industry supply curve and for the industry demand curve. Solve these for equilibrium industry..
How much of each good will he demand in this case? (The price of x1 is 3$ but his income has decreased)D) Calculate utilities obtained by bundles without tax and with income tax. Draw Jack's best bundles in a graph. (Budget curves, best bundles an..
The Alpine Bagel Co. is evaluating pricing for Bagels in it's outlet in the student commons. Their in-house consulting team estimated that the daily demand for Bagels in the area to be the following Q = -15P + 10Ps - 20Pc +16I
Factory workers at each plant have the same characteristics (e.g., skills, alternative employment opportunities, level of income, risk aversion, etc.). The quality of a toothbrush produced is easy to supervise but the effort exerted by a worker is..
consider the following production function: q= 8lk+ 4l^2-(1/3)^3, Given the following expression for the marginal productivity of each input: MPl= 8K+8L -L^2 and MPk -8L Assuming capital is plotting in vertical axis and labor is plotting in horizont..
in the spring 2008, Senators John McCain and Hillary Clinton proposed a temporary elimination of the federal gasoline tax, effective only during summer of 2008, in order to help consumers deal with high gasoline price. what does this fact suggest ..
Now assume that intermediaries come from a competitive market with an equilibrium price of $8 per unit for their services, that is, any buyer or sellerwho wants an intermediaries services must pay $8 for them.
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