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The XYZ corporation, a monopolist, receives a report from a consulting firm concluding that the demand function for its product is: Q = 80 - 1.5P + 2.3M + 0.75A Where Q is the number of units sold, P the price of its product, M is buyers' per capita income, and A is the firm's advertising expenditure. The firms' average cost function is: AVC = 42 - 8Q + 1.5Q2 Consumer's per capita income is estimated to be $10,000 and the firm spends $200,000 on advertising. The firm's total fixed cost is equal to $50,000. a. How much output should the firm produce to maximize profit (minimize loss)? Show all your work (steps and calculations) b. What price should be charged for the output? Show all your work. c. What is the firm's expected profit or loss? Show all your work
Imagine that you were the president of a merging county that is trying to reduce the number of its imports. Explain one (1) protectionist policy that you would utilize to help domestic industry over all.
suppose investment, in addition to having an autonomous component, also has a component that varies directly withthe level of real GDP. How would this affect the size of the government purchase and net tax multipliers
is there a conflict in an environmentally conscious manufacturing environment? if there is is it healthy and desirable?
many economists have estimated that the short-run and long-run elasticities of oil demand. let us see if a rise in the
a university spent 1.8 million to install solar panels atop a parking garage. these panels will have a capacity of 500
apple inc. has made a rare fashion miscalculation they have produced 8000 neon green ipods but have sold almost none.
describe the calculation of capitated payments. how are these rates determined in managed care organizations? describe
a. calculate the breakeven number of additional customers for each added hour of operation up to 4am.b. calculate the
identify the capital resources for the country you selected for your term paper phillipines. are the machinery
Price discrimination occurs when a.the supply of the product is elastic b.a product's average cost is greater than its average revenue c.a product's average cost is less than its average revenue d.differences in a product's price reflect differences ..
Do business firms operating in competitive markets have a strong incentive to serve the interest of consumers? Are “good intentions” necessary if individuals are going to engage in actions that are helpful to others? Discuss.
please define the price elasticity of demand and give a real life example of a good with an elastic demand as well as a
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