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A computer software firm has developed a new and better spreadsheet program. The program is protected by copyrights, so the firm can act as a monopolist for this product. The demand function for the spreadsheet is q = 50,000 - 100p. Any single consumer will want only one copy. The marginal cost of producing and distributing another copy and its documentation is just $10 per copy. If the company sells this software at the profit-maximizing monopoly price, the number of consumers who would not buy the software at the monopoly price but would be willing to pay at least the marginal cost is ?
Explain carefully why it makes better sense to shut down rather than continue to operate or to continue to operate rather than shut down, as the case may be. How do fixed costs play a role in your analysis
Perfect Competition We have only one type of firms in the market with the total cost of production C = Q2 + 25. The fixed cost of production is F C = 16. The market demand is P =50-0.6Q.
Based on what you know about the relationships among different types of computers, among different types of software, and between computers and software, try to predict the effects of the price change. How will the change affect the quantity deman..
Discuss the level of the current trade deficit and make a recommendation for addressing the current deficit. Discuss the role that the value of the dollar plays
Describe the main items in a Gantt chart. Do you think everyone uses Gantt charts properly? Why or why not? Discuss methods for shortening a project schedule.
Identify at least four key points of a relevant economic article from either the Strayer Library or a newspaper. The article must deal with any course concepts covered in Weeks 1-8.
Discuss how much control the federal government has over its outlays. Discuss the current projections of federal government spending into the next several years
A $5000 loan was repaid with 8% simple annual interest. A total of $5350 was paid. How long had the loan been outstanding?
What are the basic problem of macro economics? What is an explanation on what is meant by the basic economic problem?
Using the information in the above graph, write an equation for the demand curve and an equation for the supply curve. Show how you found your answers
After Iraq invaded Kuwait gasoline prices rose dramatically – up to 50%. These were many effects of the increased price of gasoline.
How do the authors' findings align with Peng's five entrepreneurial strategies? Do Norback and Persson's assertions complement or contradict Peng's? What are the implications for small, new, innovative firms?
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