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Suppose a monopolist faces the following demand curve: P = 596 - 4Q Marginal cost of production is constant and equal to $60, and there are no fixed costs. What is the monopolist's profit-maximizing level of output? What price will the profit-maximizing monopolist charge? How much profit will the monopolist make if she maximizes her profit? What would be the value of consumer surplus in this monopoly market? How much consumer surplus would there be if this market was perfectly competitive? What is the value of the deadweight loss when the market is a monopoly?
suppose that instead of holding prices fixed as we did in this problem that prices were perfectly flexible as in a
Compare and Contrast an import quota and a tariff-rate quota (TRQ) in terms of how each one will impact exports, imports, prices, production, consumption and world trade using a THREE PANEL DIAGRAM.
What are procyclical industries? Countercyclical industries?
you consume only soda and pizza. one day the price of soda goes up the price of pizza goes down and you are just as
Find a company that you believe represents a company that fits into a Perfectly Competitive industry. Please make sure (as much as possible) you identify the four characteristics of a Perfectly Competitive firm inherent in the firm you select.
consider the following lp problem developed at jeff spencers san antonio optical scanning firmmaximize profit 1 x1 1
In any city at any time, some of the stock of usable office space is vacant. This vacant office space is unemployed capital. How would you explain this phenomenon Is it a social problem
Incorporate this modified definition of YD into the private savings function, and identify explicitly the impact of a change in TR on private savings.
Q#1Assume the demand curve for beer is given by P=11.7-2Q; the supply curve is given by P=Q.
a corporation produces output with a market price of 200 per unit. the marginal product of capital is 12k where k is
Suppose the two countries are not trading and that both desire to have equal numbers of feet of timber and baskets of fruit. How would they allocate workers to the two sectors?
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