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The peak and off-peak periods are of equal length. Demand in the peak period is P p = 100 - Qp and in the off-peak period Po = A - Qo. Production is fixed proportions with variable costs of $2 per unit and capital costs per period of β. Capacity costs are sunk and capacity cannot be adjusted between periods.
(a) Suppose that A = 50 and β = 4. Find the optimal capacity, peak price, and off-peak price.
(b) Suppose that A = 90 and β = 8. Find the optimal capacity, peak price, and off-peak price.
Draw demand, marginal revenue and marginal cost curves. Calculate and show how much this firm will sell and what they will charge. Calculate producer surplus with monopoly and the consumer surplus with monopoly. How much would be produced if this wa..
suppose the demand for toothpaste is qd 11- 2p while the supply of toothpaste is qs 6.5 p where quantity is measured
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The Occupational Safety and Health Administration promulgate safety and health standards. These standards typically apply to machinery (capital), which is required to be equipped with guards, shields, and the like. An alternative to these standards i..
Mary's utility function over leisure and consumption is U(L,C) = L2
the united states has had a significant trade imbalance for several years. what are the problems associated with
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