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The revenue R, in dollars, derived from selling x computers is given by R = -3x2 + 600x + 1000
(a) How many items should be sold to maximize the revenue?
(b) What is the revenue?
Suppose that a perfectly competitive firm faces a market price $10 per unit, and at this price the upward-sloping portion of the firm's marginal cost curve crosses its marginal revenue curve at an output (Q) level of 1,200 units. If the firm produ..
A. Find the price and quantity that maximizes the company's profit B. Find the price and quantity that would maximize social welfare C. Find out Dead weight loss
Do economists think that predatory pricing is commonly employed as a profitable business strategy? Why or why not?
If he is involved in an accident that does $2,000 worth of damage to the boat, how much will he have to pay?
Linda loves buying shoes and going out to dance. Her utility function for pairs of shoes, S, and the number of times she goes dancing per month, T, is U(S,T) = 2 ST. What is her marginal utility from shoes
A monopolist has two types of customers. There are 100 of type A, who will each pay up to $10 for a single unit of goods, and 50 of type B, who will each pay up to $8. Neither is willing to purchase additional units at any price. If it must charge..
Consider a standard six sided die, numbered 1 through 6 on each face. The probability of rolling each number is 1/6. a.) Let X equal the sum of the values from two independent rolls, then E[X] is b.) What is the variance of one throw of the die
how many fields should be planted?
Each firm in a competitive market has a cost function of \(C=q+q^{2}+q^{3}\) The market demand function is Q = 24 - p. Determine the long run equilibrium price, quantity per firm, market quantity, and number of firms.
Find the firm's marginal production function exhibit diminishing marginal returns to labor? explain b. Capital is r=$5 per unit and that labor costs w=$20 per unit. What is the cost of producing q=100 units of K and 100 units of L? c. What is the m..
At a market price of $50 a batch, what quantity does Lin's produce and what is the firm's economic profit in the short run? Do firm's enter or exit the market in the long run?
Using the similar 6-economic indicators selected for your Industry Overview Paper, differentiate at least two year forecasts from two separate sources,
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