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"Object-Oriented Design" Please respond to the following:
The average avoidable cost for a fringe firm is AAC(q) = 20/q + 5q . The marginal cost function for a fringe firm is MC = 10q . There are 10 fringe firms. The marginal cost of the dominant firm is 2 and the demand function is Q = 100 − P. What is the..
Suppose that people expect inflation to equal 3 percent, but in fact, prices rise by 1 percent. Describe how this unexpectedly low inflation rate would help or hurt the following: homeowner with a fixed- rate mortgage. a union worker in the second ye..
Using a supply- and- demand graph and assuming competitive markets, show and explain the effect on equilibrium price and quantity of the following:
Suppose the required reserve ratio is 20%. If a bank has a total deposit of $200 and total assets of $1000, the amount of required reserves is
Assume that a Pfizer has a linear demand curve for Lipitor, a constant marginal cost curve (i.e. the marginal cost is a constant), and is a monopolist in this market.
For the past several years, in order to sustain sales and profit growth, Harley has relied heavily on baby boomers to buy motorcycle in an effort to recapture their youth and rebelliousness. However, that market segment is quickly aging out of mainst..
A buyer for a large sporting goods store chain must place orders for professional footballs with the football manufacturer six months prior to the time the footballs will be sold in the stores. What is the expected profit in the optimal strategy case..
A firm’s labor demand and labor supply equations are shown below. The equilibrium wage is $? and the equilibrium quantity of labor employed is ? people.
Suppose that you owe $10,000 when you graduate from UWM. Your Federal Stafford loan has an annual interest rate of 4.5%. If you want to pay back the entirety of your loan in ten years, what would be your total payment per month?
An excise tax of $2.00 per pound of sugar placed on the suppliers of sugar would shift the supply curve:
Using only the USA Today Newspaper, the New York Times Newspaper, The Washington Post, or The Wall Street Journal Find an article about oil that you can compare to a historical event that you have learned about thus far in the course.
Find out the curve for MR and use it to find the monopoly output and price. Calculate the output of a perfectly competitive market if the MC is the same as the market supply.
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