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Suppose a monopolist faces demand of Q = 300 – 2P and has a total cost curve of TC = 75Q + Q2.
What is the firm’s marginal revenue?
What is the firm’s marginal cost?
Find the firm’s profit-maximizing quantity where MR = MC.
Find the firm’s profit-maximizing price and profit.
Explain the Krugman Imperfect Competition Model of intra-industry trade in automobiles, and what the model means. Use diagrams to demonstrate the model in autarky and in free trade, and to show the existence of gains from trade.
Why would the government bypass the free market in times of war? Is government rationing a better idea than rationing by price? Give reasons. How does government rationing affect the allocation of resources? Explain.
q1. explain why wage rates might rise at joes quik print shop. if joe replaces his aging copy machines with state of
Specialty Steel has carefully measured production in its new plant to determine whether it is technically efficient in production.
Assume that the country initially has no restrictions on trade also then imposes an import quota
q1. alpha airlines the only carrier currently offering flights to and from town a heard that beta airlines was thinking
q. you are still a manager of a small wigest producing firm. now there are 14 such firms including yoursin industry.
q.listing different orderings and coalitions is not going to work for this problem because there are too many
Why is off shoring inevitable in some jobs? What jobs are in danger? What jobs are insulated or protected from outsourcing? What can you do to protect your job from being outsourced?
Suppose that a mysterious in bovine infertility decreases both the population of dairy cows and the population of beef cattle by 50%.
John buys shoes for $1 a pair and socks for $1 a pair. His annual income is $20. Now suppose the government institutes two new programs: first, it taxes shoes, so that shoes now cost John $2 a pair. Second, it gives John an annual cash gift of $10. ..
How would each of the subsequent affect Helena's hand basket supply of worker.
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