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A firm has a monopoly on a new type of gaming console. The market demand is given by P=175.3-0.003*Q and thus marginal revenue is MR=175.3-0.006*Q. The monopolist's marginal cost is MC=5.2+0.001*Q. Calculate the profit-maximizing production quantity.
$3500 is deposited every year with 6% interest each year. 38 equal deposits are made. How much money can be withdrawn in 20 equal payments,beginning one year after the last deposit?
1. bank z 10 rr assetsliabilities rr k200000deposits k2000000 er k1800000 you are given the above balance sheet for
let qs -1000 5.5p and qd 25000 - 2.5p be the supply and demand relationships respectively for a competitive
explain the difference between a positive and negative externality. in your analysis make sure to provide an example of
Competitive industry, market determined price =$12, Output = 50 units, ATC = $10, Marginal cost = $15, AVC = $7-Is this firm making the right profit maximizing decision? If yes, why and if not, what should this firm do?
assume that the federal reserve the fed unexpectedly shifts to restrictive monetary policy. why would the fed make such
What is elasticity of demand and how is the notion utilized in economics? Please explain and elaborate.
Many states provide firms with an "investment tax credit" that effectively reduces the price of capital. In theory, these credits are designed to stimulate new investment and thus create jobs
In what way (or ways) is the current Knowledge Revolution a child of the Industrial Revolution? Is this a new revolution or simply an extension of the 18th-century revolution? Given the history, is it perhaps more appropriate to call the current revo..
What are the practical importance of income elasticity of demand?
consider the cobb douglass utility function ux y x16y56 of a typical student. x denotes time spent studying and y
"Since the indirect utility function, under standard assumptions, is quasi-convex in prices, randomization over equilibrium prices can be Pareto improving even if fundamentals are not stochastic." Assess this claim and its implications or compatibi..
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