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Consider a monopoly with the following cost curve: c(q) = 60 + 10q and the following demand function: p(q) = 45 - q - (q^2)/3 . What is the profit-maximizing solution for the monopoly? How large are its profits?
Suppose that a given firm experiences decreasing marginal product of labor with the addition of each worker regardless of the current output level.
What are some methods for improving the financing of the U.S. health care system. Are these methods realistic and achievable? Justify your answer with solid reasoning and appropriate references.
Examine the following EVM data for the Acme project, a hypothetical construction project, to view information on the past and future performance: Calculate the cost variance (CV), schedule variance (SV), cost performance index (CPI), and schedule per..
Ptarmigan Investment Company (Ptarmigan), a partnership, entered into a contract with Gundersons, Inc. (Gundersons), a South Dakota corporation in the business of golf course construction. Gundersons sued Ptarmigan and its individual partners to reco..
According to the Wall Street Journal, Mitsubishi Motors recently announced a major restructuring plan in an attempt to reverse declining global sales. Suppose that as part of the restructuring plan Mitsubishi conducts an analysis of how labor and cap..
Elucidate the cost of producing an additional washing machine when 50 cars are being produced. when 150 cars are being produced.
One of the more confusing topics in economics is the difference between consumer demand and the quantity demanded. Consumer demand is the entire schedule for the demand of a good for all consumers at every price, typically represented by a downwards ..
What are some alternative explanations for observing among MBA graduates that a greater percentage of men than women reach the highest ranks (e.g., president, CEO) within their firms?
Broad trends in the Australian Dollar. Evaluate trends in the Australian dollar / United States dollar (AUD/USD) exchange rate and the trade-weighted index (TWI) over the period from July 2001 through June 2016 (i.e. 15 years). Discuss whether the tr..
If the nominal exchange rate between the dollar and the euro is $1 = €0.70, and the price of an 8.4 oz. can of Red Bull is $1.75 in the United States and €1.40 in Germany, the real exchange rate between the dollar and the euro is?
Its constant marginal and average cost of production is 6, and its cost of a unit of advertising is 0.25. What are the firm's profit-maximizing price, quantity.
Suppose a society decided to reduce consumption and increase investment. How exactly would this change affect long term economic growth?
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