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firm had demand function given by Qd=1000-10p. Its cost function given by C= 150 +20 Q
A- write an equation for the inverse demand function.
B- write an equation for the profit function
C-if the firm wants to maximize its sales revenue ,how many units should it produce and what price should it charge?
D- if the firm wants to maximize its profits , how many units should it produce and what price should it charge? what are its profits
E-suppose the firm is facing an output constraint - specifically , the maximum allowable output is 480 units - that is Q<= 380 set up a Lagrangian equation and solve for the optimal or profit maximizing output subject to the constraint. what price should the firm charge- given the constrain? Give an interpretation of the largrangian Multiplier. what are the profits the constrained optimum?
Using a spreadsheet program or a calculator, solve Tracy's problem of how often to go to the ATM when the nominal interest rate on her bank account is 10%, she spends $30 each day, it costs her $0.50 each time she uses the ATM,
My utility for cookies C and milk M is u(C;M) = C1=3M2=3. Every week I have wealth w = $8 to spend on cookies and milk. Last week, prices were pC = 1; pM = 1; this week there is a big sale on cookies so prices are pC = 1=2; pM = 1.
Imagine one of worst case scenarios realizes in October 2012, in which Greece does not belong to the eurozone any more, so Greece goes back to use of its own currency, Greek drachma.
interpret the 4 firm concentration ratio, the 8 firm concentration ratio and the Herfindahl Herschler Index for the industry The industries involved in the merger are: new Scale Inc., Intel Technologies, Pari Networks, they were merged into cisco.
Explain the relationship among the required reserve ratio, the potential deposit expansion multiplier, and deposit expansion multiplier.
Calculate the cash flows at the end of each trading day and compute your total profit or loss at the end of the trading period.
c 200 0.8y - twhere c consumption expenditure i investment g government expenditure y ntional expenditure t
Explain why in a monopolistic industry, if demand and cost curves are the same as those of a competitive industry, and if the demand curve has a negative slope and the supply curve has a positive slope, then monopoly output will be lower and price..
Clipit utilize this advantage to be the first to choose its profit-maximizing output level in the market.
Illustrate is the relationship among the variable that you selected and the economy. What trends do you see in the data sets. Support your assertions of trends with statistical evidence.
Suppose an economy has the following production function: Y=F(K,L)=K0.4L0.6, Determine the per worker production function.
question 1 economic growth - short questionsyou cannot use more than 200 words to answer each partnbspaccording to the
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