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1) Consider a monopolist with demand Q = 120-2 p and marginal cost MC = 40. Determine profit, consumer surplus, and social welfare in the following three cases:
a) single-price monopolist;
b) perfect price discrimination.
c) Consider that the firm is operating in a perfectly competitive market. Find the profit, consumer surplus, and social welfare under this situation.
Show your work graphically.
Which of the following contribute to the downward slope of a demand curve - Which of the following is NOT true about profit maximization for a firm?
Which metric of unemployment peaked first, second, third, last? Based on this, which would serve optimally as a leading indicator of a recovery?
What is the marginal revenue function? What is the profit maximizing level and total profits?
Some people argue for protectionism by pointing out that other countries with whom we trade engage in "unfair trade practices,".
To solve the congestion problems of the big cities, Congress decides to increase the Federal gasoline tax by 25 c per gallon, with a rebate to largely rural.
Analyze these strategies and tactics that negotiators have at their disposal. Which of them would you be most comfortable with and why?
Colton has a choice between $100 today and $150 in three months. Farah has a choice between $100 today and $125 in three months. Colton chooses $100 today.
if current output is such that marginal cost exceeds marginal benefit should more or less resources be allocated to
your engineering department estimated the following production function.q 15l2 - 0.5l3a. what is the marginal product
Explain the impact the theory of consumer choice has on Demand curves, Higher wages and Higher interest rates.
Using the following data (billions of dollars) for a given year, calculate the balance on merchandise trade: the balance on goods, services and income; and the current balance. Indicate whether these balances are deficits or surpluses.
The amount of education the typical receives varies substantially among c Suppose you were to compare a coun highly educated labor force and a coun a less.
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