Nbspsuppose that a firm faces a demand curve that has a

Suppose that a firm faces a demand curve that has a constant elasticity of -2. This demand curve is given by q = 256/P^2. Suppose also that the

firm has a marginal cost curve of the form MC = 0.001q.

a) Graph these demand and marginal cost curves.

b) Calculate the marginal revenue curve associated with the demand curve; graph the curve.

c) At what output level does marginal revenue equal marginal cost?

Using production function and mpk diagrams answer the : using production function and mpk diagrams answer the following questions. for simplicity assume there are two

In this question assume all dollar units are real dollars : in this question assume all dollar units are real dollars in billions so for example 150 means 150 billion. it is year

Suppose that you can work anywhere form 0 to 24 hours per : suppose that you can work anywhere form 0 to 24 hours per day at a wage of 1 per hour. you are subject to a tax of 50

Summary outputregression statisticsmultiple r 0973178112r : summary outputregression statisticsmultiple r 0.973178112r square 0.947075637adjusted r square 0.9417832standard error

Nbspsuppose that a firm faces a demand curve that has a : nbspsuppose that a firm faces a demand curve that has a constant elasticity of -2. this demand curve is given by q

In 2003 the market price for a 3000 square foot home in : in 2003 the market price for a 3000 square foot home in south tampa florida was 350000 and 358 new homes were built. in

Compute the opportunity cost in forgone tanks for each : compute the opportunity cost in forgone tanks for each additional truck producedtruck output 0 1

A riskadverse manager is considering two projects the first : a riskadverse manager is considering two projects. the first project involves expanding the market for hotdog the

Two clothing stores in lowland mall are approached by a : two clothing stores in lowland mall are approached by a supplier with two lines to offer say formal or casual. the