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Suppose a market is characterized by an inverse demand curve P(Q)=100-4Q. All firms in the market are identical. Each firm faces a long-run total cost function TC=20+5Q+4Q2 , with corresponding marginal cost MC=5+8Q. A) What does the 20 represent in the long-run total cost function? (10 marks) B) Determine the long-run equilibrium price and quantity (given that there's free entry and exit in the long-run). (10 marks) C) Determine consumer and producer surplus. 6. Re-do parts B) and C) of question 5, except that instead of perfect competition, the market is characterized by a monopolist. (The marginal revenue curve associated with inverse demand is MR=100-8Q)
Describe the process you would use to replace a do...while loop with an equivalent while loop. What problem occurs when you try to replace a while loop.
a. Write a program to implement the alternative strategy. b. If the output polynomial has about O(M + N) terms, what is the running time of both methods?
In this course we examine a number of environmental impacts, and some of them may be of particular concern in your local area. Environmental impacts like urban sprawl, air and water pollution, and rapid urban growth (just to name a few) tend to affec..
This final section is a summary of everything you have learned about your company. Briefly recap what you have learned, and state your opinion on whether or not the stock in the company would be a good investment and why or why not based on:
For example, the algorithm should convert the set of 5 digits {2, 7, 4, 9, 3} to the integer 27493.
The program features include asking the user for the number of test scores; creating an array to hold the scores; creating a Marker object passing the scores array as a parameter; displaying the lowest score; adjusting the mean by annulling (dropp..
"Create a View called WrhSec_Man_vu that will display for each Warehouse_id and Section_id also City, Division and manager's Last_name. Alias for Last_name should be LName and for Division should be Group."
Identity using a combinatorial proof
Create a vector v consisting of the elements in the second column of A.
Implement a new version of the Color Image ADT using three 1-D arrays to store the red, green, and blue components of each pixel. Apply the row-major formula from Section 3.3 to map a specific pixel given by (row, col) to an entry in the 1-D array..
Imagine that you are managing the system for a consulting company that becomes I/O-bound at the end of each fiscal year.
Claire has received 89,88,87, and 95 on her algebra tests. what is the minimum score she has to recieve on the fifth test to have an overall test score average that is greater than or equal to 90? (set up and solve an inequality to answer this que..
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