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Suppose that the total revenue function of a firm is given by TR(q) = 120q - 2q^2, where q is the level of output.
Find the level of output q that will maximize the firm's total revenue. Also, compute the maximum amount of total revenue received by the firm.
Are deeper and more meaningful measures of labor market conditions necessary in order to comment more effectively on macroeconomic performance?
the typical firm in a perfectly competitive market manufacturing an appliance part has long-run total cost of tc
The report indicates that the current price of decontaminated blood is $80 per pint. However, if the new screening methods are adopted, the demand and supply for decontaminated blood will change to Qd = 175 – P and Qs = 2P – 200.
What are the possible reasons for the price rise mentioned in the news article? Use demand and supply models to illustrate what has happened in the egg market. Make sure that you clearly state any underlying assumptions in your analysis.
Compare and contrast four of the main economic activities in Namibia and benefits each of them contribute to the economy of the country.
Our recent recession seems to demonstrate again that expenditures and incomes depend on each other. If markets do not self adjust, how can a decline in spending lead to a negative process that ruins an economy?
Competitive industry, market determined price =$12, Output = 50 units, ATC = $10, Marginal cost = $15, AVC = $7-Is this firm making the right profit maximizing decision? If yes, why and if not, what should this firm do?
Describe one reason why the flexibility of wages and prices tend to favor the Keynesian economic view in the short run and one (1) reason why the flexibility of wages and prices tend to favor the classical economic view in the long run.
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locate two articles discussing the ethical perspectives or business ethics of a foreign country. each article must
The relationship between the aggregate demand curve and the aggregate expenditures model is derived from the fact that:
If interest rates or opportunity costs investment, happened to be the same in both developed countries and emerging economy nations, what could account for faster upward shifts in the latter group’s planned investment functions?
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