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What is the monopolists profit under the following conditions? the profit maximizing price charged for goods produced is $16. the intersection of the marginal revenue and marginal cost curves occurs where output is 10 units and marginal cost is $8.average total cost for 10 units of output is $6.
Define Q to be level of output produced and sold, and suppose that the firm's cost function is given by the relationship;
Which of the following changes to fiscal stimulus package of 2009 for $862 billion (under the bill called American Recovery and Reinvestment Act of 2009) would have a larger overall impact on AD Explain your answer in a paragraph or two with credi..
Consider the instrumental variable regression model Y i β 0 + β 1 X 1 + β 2 X 1 +u i , where Z i is an instrument
Although economists speak as if economic growth is necessarily a good thing, many question the sustainability and even morality of ever raising economic growth.
The ad shows that Alka-Seltzer Plus fights cough, body aches, runny nose, sneezing and fever, just like Vicks NyQuil does, but it also now can fight congestion, unlike NyQuil.
Describe economic terms and concepts and describe your reasoning leading from concepts in question to the final answer.
Explain in words how and why the income sensitivity of the demand for real balances affect the slope of the LM curve. Think of the demand for real balances as L(r,Y)= eY-fr where e and f are positive constants.B) What are the effects of a large s..
You are a pricing manager at Argyle Inc. - a medium-sized firm that recently introduced a new product into the market. Argyle's only competitor is Baker Company, which is significantly smaller than Argyle.
What are major reasons for government involvement in a market economy such as the software industry (e.g. externalities, increasing returns to scale (failure of perfect competition), absence of futures and insurance markets, failure to attain full..
Using algebra find out the effects of this change in cost on profit maximizing output and the optimal profit.
The aggregate supply (AS) and aggregate demand (AD) model describe the condition of the overall economy; this model is used to predict changes in the price level and output from external shocks to the economy and various government policies.
You are employed as a business consultant to a Senator. She heard the association in unemployment rate and economic growth, and asks you to find the relationship so that she could propose a policy to decrease the unemployment rate.
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