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P=140-4Q mc1=20+30q for plant 1 mc2=80+10q for plant 2
how many units should be produced by plant 1 and plant 2 to maximise profit for this monopoly?
Suppose you have been asked to make a report for a group of new stock brokers about NYSE-Euronext and the NASDAQ.
International trade is most likely to occur whenever a. one of the trading nations is self-sufficient b. all of the trading nations are self-sufficient c. one of the trading nations gains from trade d. each of the trading nations gains from trade
a firm uses two inputs, capital and labor. in the short run, the firm cannot adjust amount of capital it is using, but it can adjust the size of its workforce. What happens to the firm's average total cost curve, the average variable cost curve
The marginal product of labor (measured in units of output) for Expando Corp. is given by MPN = A(400-N) where A measures productivity and N is the number of labor hours used in production. Suppose the price of output is $.150 per unit.
How much substitutability do you suppose exists between inputs in winemaking? How might this factor affect efforts to cut costs?
The great philosopher Rogers once said that you need holding knowledge (H), folding knowledge (F), and economics knowledge (E).Therefore, overall knowledge (K) can be expressed as
How did the market structure in which the firm competes affect the firm’s decision-making? If the market structure was not a factor, how do you believe it should have been incorporated into the strategic decision-making process?
Describe some healthcare situations in which an agent has taken advantage of a principal. Now describe some healthcare transactions that have not taken place because of fears about asymmetric information. What are some strategies for reducing adve..
Explain how the unemployment rate could cause us to arrive at misleading conclusions about the condition of the job market. Do you feel that changes in the unemployment rate overstate or understate our level of economic activit
In the market in which David and Ellen have rent-controlled apartments, Ellen gets an apartment and Charlie does not. In the market with no price controls, the situation is reversed. Charlie gets an apartment and Ellen does not.
What kind of consumers buy this product? Are there targeted marketing campaigns to specific groups of consumers?
Assume that the book printing industry is competitive and starts in a long-run equilibrium. Make a diagram describing the typical company in the industry.
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