Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Monopoly profit maximization
Pfeitzer is a monopolist for a new drug that makes people feel thinner. The total cost function is C(Q) = 100 + 12Q + 2Q 2. The inverse demand function is p(Q) = 84 - 2Q.
(a) By how much do revenues increase if Pfeitzer sells one more (small) unit of output? By how much does its cost go up if it produces one more (small) unit of output?
(b) What is the optimal price and quantity the monopolist should charge / sell?
(c) What is the profit the monopolist makes? Should the firm shut down in the short or long run?
Provide reasons to explain what government would have to do to keep the unemployment rate at 3 percent."
After you became “Minister of Accounting” in Freedonia, The BRICK Company established a Freedonian subsidiary known as Little Bricks. Under your leadership, the Freedonian economy did well and inflation was not a problem so The BRICK Company reported..
Are credit cards money? Explain. Why do we accept money as payment? What affects the value of money? What is the purchasing power of dollar? How higher prices affect purchasing power of dollar?
Suppose that computers use two units of capital for each worker, so that KC = 2LC, while shoes use 0.5 units of capital for each worker, so that KS = 0.5LS. There are 100 workers and 100 units of capital in the economy. Solve for the amount of labour..
Consider a firm for which production depends on two normal inputs, labor and capital, that are not perfect complements. Initially the firm faces market prices of w = 10 and r = 8, for labor and capital. These prices then shift to
United States and China - You have been recently hired by a multinational firm that manufactures airplanes parts. They are interested in investing in a new factory. Evaluate two recent trade policies in the countries that you have selected. Explain t..
Explain the effectiveness of monetary policy and its limitations. Provide an industry example to illustrate your explanation.
An investment of $55,000 in equipment that will reduce the time for machining self-locking fasteners will save $20,000 per year. At an interest rate of 15% per year, the number of years required to recover the initial investment is closest to:
The state of Delaland has two types of town. Type A towns are well-to-do, and type B towns are much poorer. Being wealthier, type A towns have more resources to spend on education; their demand curve for education is Q = 100 – 2P, where P is the pric..
According to literature, hypothesis testing is the basis of many studies. What is hypothesis testing? Why is this type of testing significant? Be sure to include in your discussion response the types of errors associated with hypothesis testing.
To make your work easier to grade, please make Julie the row player, Kristin the column player also Larissa the page player.
Billions of people in the world make two dollars a day or less. In fact, a billion people make less than one dollar a day. In such places, a loan of $100 or $200 makes a huge difference. Why is there a need for organizations like Opportunity Internat..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd