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A monopoly firm faces a demand curve given by the following equation: P = $500 − 10Q, where Q equals quantity sold per day. Its marginal cost curve is MC = $100 per day. Assume that the firm faces no fixed cost.
a) Suppose a tax of $1,000 per day is imposed on the firm. How will this affect its price?
b) How would the $1,000 per day tax affect its output per day?
c) How would the $1,000 per day tax affect its profit per day?
Which of the following events would unambiguously cause a decrease in the equilibrium price of computers?
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Maria decides to switch a major and is now a student in business. in period 2, she will have a BA in business and her income will be $88000. determine Maria's lifetime wealth. determine consumption and sacving of maria in period 1 and period 2.
An increase in the spread between interest rates on10-year bonds of Italy and Spain and interest rates on 10-year bonds of Germany indicates:
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