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Consider that graph below. It contain 2 separate demand curves. D1 and D2, the marginal revenue curve associated with each one, MR1 and MR2, a total marginal revenue curve, MRT, along with marginal cost. Answer questions a through e below. What is the TOTAL amount of output the firm should produce? Approximately how much output should the firm allocate to market 1? Approximately how much output should the firm allocate to market 2? What is the approximate price that will be charged in market 1? What is the approximate price that will be charged in market 2?
The loss to consumers can be decomposed into three pieces: a transfer to domestic producers, a transfer to the government, and a deadweight loss. Use your diagram to identify these three pieces.
Illustrate what were some of the marginal benefits that the city would derive as the result of keeping this project alive.
A firm with a U-shaped average cost curve finds that its costs exceed its revenues when it sets price equal to marginal cost.
A profit-maximizing firm in a competitive market is currrently producing 100 units of output. Elucidate firm's profits, marginal cost, and average variable cost respectively.
determine total project completion time and critical path for installing electrical wiring and equipment in residential houses. In addition, determine ES, EF, LS, LF and slack for each activity.
Calculate the amount of tax collections that the government will require in period two. If so, compute it; if not, explain why not.
Illustrate what is the individual's optimal consumption in each period. Explain how much saving does he or she do in the first period.
You are also aware that sometimes when you and the other project members are slaving away over the project, she is playing golf with senior managers. Illustrate what is your evaluation of her behavior.
Explain and show graphically the effect on the supply and demand for Bonds in a deflationary period. What is the effect on interest rates and the quantity of bonds.
Suppose instead that use of the Sonoma county buy local currency is completely voluntary. Who is the most likely to use this currency.
Assume that you live in a simple economy in which only three goods are produced and traded.
A farmer owns a plot of ground also sells the right to pump crude oil from his land to a crude oil producer.
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