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Suppose that the market demand for organes is Q = 800 - 3P, where Q = QF + QD and Q is the total quantity, QF is the quantity supplied by fringe firms and QD is the quantity supply by the dominant firms. The dominant firm's total costs are given by CD = 80QD and the competitive fringe's supply curve is given by QF = -200 + 2P. a. Graph the market demand curve and the fringe firm's supply curve. Label the vertical intercepts of each. b. Find the dominant firm's marginal and average costs. Show these costs on the diagram. c. Find the price at which the fringe firms will supply the entire quantity demanded by the market. Label this price P1. d. Find the price at which the fringe firms will choose to drop out of the market (supply no output). Label this price P2. e. Find the dominant firm's residual demand curve for prices between P1 and P2. Add this residual demand curve to the diagram. f. Find the dominant firm's profit-maximizaing quantity of output. g. Find the price level the dominant firm would set. h. Find the profits of the dominant firm.
What is the gross demand for consumption by a ICIW tribe member for pineapples in period 1? In period 2? For a GHN tribe member in period 1? In period 2?
In the final round of a TV game show, contestants have a chance to increase their current winnings of 1 million dollars to 10 million dollars. If they are wrong, their prize is decreased to $100,000.
a. List and fully describe the five stages of international development which a firm could consider or adopt when it decides to expand its operations outside its domestic market (s).
Provide a brief overview of the job evaluation process, including the importance of compensable factors. Detail the compensable factors of a position you are familiar with and their impact on that position's salary, and you may want to reference.
suppose the savings rates by income quartiles in indonesia are given by the following1st quartile - 5 savings rate2nd
The statement best describes the economics of Caribbean South America the people of the region largely survive on subsistence farming while national industries focus on mining and oil drilling.
A marble column of cross-sectional area 1.2m2 supports a mass of 25,000kg.
what are the two main investor preferences and how do they conflict? why does competition force firms to use the least-
Suppose that Neptune Music has the copyright to the latest CD of the heavy Iron Band.Production requires a fixed cost of $100,000 and a constant marginal cost of $2 per unit.
The day after Thanksgiving, I've already invested time and money in training you, and don't have time to train a replacement; you suddenly realize you're in a strong bargaining position, and threaten to quit unless I raise your salary.
Suppose that the cost of living increases, thereby reducing the purchasing power of your income. If your money wage doesn't increase, you may work more hours because of this cost-of-living increase. Is this response predominantly an income effect ..
Assume the following data describe the gasoline market: Price per gallon $2.00 2.25 2.50 2.75 3.00 3.25 3.50 Quantity Demanded 32 30 29 28 22 21 20 Quantity Supplied 16 20 24 28 32 36 40 (a) What is the equilibrium price?
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