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Suppose the cost function for your firm is: C = 10 +2Q + 5Q2.
If the firm sells output in a perfectly competitive market and other firms in the industry sell output at a price of $35,
What level of output should the firm produce to maximize profits or minimize losses?
What will be the level of profits or losses in the firm makes optimal decisions?
Illustrate what will happen to the equilibrium quantity also price of a product in a competitive marketplace when the increase in demand exactly offsets the decrease in supply.
q.in ua villa 1000 people live on main street that is 10 miles long. every day each of the 1000 people will buy 1 fruit
Include the circumstances of the proposed monopoly and the reason the government stepped in. Predict what would have occurred had the monopoly succeeded.
The problem of double coincidence of wants is associated with:
q.consider a market with a demand function q 20 - p currently there are ten firms operating. each firm has the
q1. pick a society and time in history you would consider that the vast majority were doing very well economically.
q1. between the first quarter of 2005 and the fourth quarter of 2006 the cpi increased by 7 percent while the gdp
Think of an externality in your community. Explain what type of externality it is. How can it be resolved (through the market and/or through government policies)?"
q.suppose you elasticity of demand for your parking lot spaces are -0.5 and price is 20 per day. if your mc is zero
Compare the magnitude of the percentage in the rental on capital with percentage change in wage in part 1. Use notation format.
q1. butler leased a certain piece of property from wheeler with an option to purchase it at later dates. the agreement
q.luella has to pay an interest rate of 50 to borrow. she only gets an interest rate of 5 if she lends. she is
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