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You are the manager of a monopoly that faces a demand curve described by P = 85 - 5Q. Your costs are C = 20 + 5Q. The profit-maximizing price is
A) 45
B) 55
C) 60
D) 50
Between 2013 and 2014 in a particular nation, the value of the consumer price index—for which the base year is 2010—rose by 9.091 percent, to a value of 120 in 2014. What was the value of the price index in 2013?
At the time, there were 180 million automobiles and 250 million people in the United States. Each vehicle was driven about 15,000 miles each year. What is the cost of saving each life?
What will the new Lerner Index be after some time with the new demand curve and market price of 30? What firms survive the new demand curve in the industry and why?
What happens to the profits of boat makers in the short run. What happens to the number of boat makers in the long run.
q.assume a country the total holdings of banks were as followsrequired reserves 45 millionexcess reserves 15
q. demand can be predicted with experimental data cross-section data or time-series data. in this case cross-section
Bud Owen operates Bud's Package Store in a small college town. Bud sells six packs for off-premises consumption.
Describe a situation that would call for applying one or more of any (dynamic economic model/legit model/random walk model/spurious regression/co integrated time series/tests of stationary). Explain your rationale for applying the model you chose.
Barriers to entry are forces that inhibit firms from entering new markets. These forces may result from practical and legal constraints. How do you think barriers to entry and product homogeneity affect the competitive nature of industries? For examp..
Which of the following is not an example of a monopolistically competitive firm?
q1. demand for a product of a monopoly is given as q100-2p.a graph demand and marginal revenue of the firm.b find the
Draw the indifference curves that represent the following individual's preferences for peanut butter and jelly. Indicate the direction in which the individuals' utility is rising.
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