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Suppose a monopolist faces the following demand curve: p=420-4q Marginal cost of production is constant and is $36, and there are no fixed costs.
What is the profit maximizing level of output?
What profit maximizing price will be charged?
How much profit will be made if profit is maximized?
What would be the value of consumer surplus in the monopoly market?
What would be the value of consumer surplus in a perfectly competitive market?
What is the value of the deadweight loss when the market is a monopoly?
If it makes sense that one type of labor can substitute for another in production, how can capital, a physical object, substitute for labor, a human being?
q.evaluate the role and the effectiveness of the federal reserve in stabilizing the current economy.determine which
Explain how banks are financial intermediaries. What are reserves? What are excess reserves? Explain how the Fed can affect the quantity of excess reserves in the banking system. Your response should be at least 75 words in length.
Johnny has allocated $30 toward coffee and tea and feels that coffee and tea are perfect substitutes. Due to differences in caffeine levels, his MRS of tea for coffee equals 2.
Provide an example when it could be appropriate to conduct a time-series or cross sectional data. Discuss the potential problem that may arise with your example and identify strategies for minimizing the impact of the potential problem.
What is monetary policy and who is responsible for its implementation? What is the central bank and what does it do? What are adverse selection and moral hazard?
Does this model of coverage afford well or poorly with the model of demand for insurance set forth? What should we conclude from this?
A farmer owns a plot of ground also sells the right to pump crude oil from his land to a crude oil producer.
Manuel%u2019s uses a 4-year planning horizon and a 10 percent per year MARR. Based on an internal rate of return analysis, which ERP system should Manuel purchase?
A company produces two main products: electronic control devices and specialty microchips. The average total cost of producing a microchip is $300; the firm then sells the chips to other high-tech manufacturers for $550. Should the company produce co..
q.like supermarkets full- service department stores like macys are generally in decline. what factors might these types
The new extruder will increase the company's annual income by $90,000. Maintenance and operating costs are expected to be $4,000 during the first year and to increase by $1,200 each year. XYZ uses a before-tax MARR of 12% for its preliminary economic..
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