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A medical device company has a monopoly on a certain class of cardiac implants. Demand for the implants is given by P=28000-5Q and marginal revenue is given by MR=28000-10Q. The total fixed costs for the implants division is 50000 and the marginal cost is given by MC=6000, so TC=50000+6000Q. Calculate the profit-maximizing price
suppose that new producers enter the market and the supply increases to: Qs = -500 + 10P. What is the new equilibrium price and output level? (g.) Show these changes on the graph
During World War II, both Germany and England had plans for a paper weapon: they each printed the other's currency, with the intention of dropping large quantities by airplane. Explain why might this have been an effective weapon.
the demand for on campus student housing at the university of Idaho, in Moscow, Idaho. The college has 2,000 rooms for rent. Illustrate what is the equilibrium rent and how many rooms are rented.
The first cash flow of a 25-year series of quarterly cash flows is equal to $35,000. Each cash flow in the series increases by $800. Find the amount of each cash flow in an equal quarterly cash flow series that is equivalent to the increasing cash fl..
Using the sum-of-years digit method of depreciation, find the amount of depreciation to be charged off each year on an RV Camper purchased byan Account in Firm. The RV Camper has a cost of $95,000, and estimated life of 5 years, and a trade-in/scrap ..
Why is the money multiplier considered to be a potential multiplier rather than an indication of exactly how much multiplication should be expected?
Consider a monopolist informal moneylender and competitive formal creditors who lend to farmers. illustrate what are the interest rates.
Economists’ models generally produce solutions that allow polluters to continue polluting to some degree. Why do economists favor allowing some pollution to continue? Provide a simple model that yields that result, explain the argument, and comme..
Find the cost functions for the following firms: A firm with production function f(x1,x2) = min{ 2xl,3x2} A firm with production function f(xl,x2) = 2x1 +3x2 A firm with production function f(x1,x2) = In
If there are two firms in the market, what are their profits after taking into account the entry cost?
will have to rise the money supply to keep the price level from falling.can keep the price level stable without altering the money supply or interest rate.
Why might foreign aid not reduce poverty of a developing country? Explain Three different reasons based on the foreign aid.
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