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Q1. Demand for a product of a monopoly is given as Q=100-2P.
(a) Graph demand and marginal revenue of the firm.
(b) Find the revenue maximizing cost and quantity of the monopoly.
(c) Prove which at the revenue-maximizing quantity, cost elasticity of demand equals one.
(d) Find the cost elasticity when cost of the product is $30.
Q2. A monopoly has the cost function, TC = 1/3Q3 - 5Q2 + 23Q + 25, where TC is the total cost and Q is the output. Illustrate what is the profit-maximizing level of output, if the market demand is given as Q = -2p + 90.
Calculate the percentage change in nominal gdp, real gdp and the gdp deflator in 2008 and 2009 from the preceding year. for each year identify the variable that does not change. explain in words why your answer make sense.
Illustrate what advice would you offer Kyle also Chad when they are ready to present their business plan to a banker.
Give an example of a government created monopoly. Is creating this monopoly necessarily bad public policy?
Consider the construction of handmade rugs moreover assembly line robots in Canada and India.
Shift the curve in the subsequent graph to show the effects of such a training program.
Yet medicines with brand names that the man recognizes from TV commercials sell for more than the unadvertised versions. Elucidate in economic terms, this perplexing situation to the father.
Compute the present value of the bond when the interest rate is 8%. Must the yield to maturity be above or below 8%.
q1. market efficiencies and inefficiencies happen all around us. consider the definition of perfect competition and
Monopoly is often heralded as the ultimate goal of a firm, to be the only seller in a market. however the picture might not be as rosy as it appears if you actually reach monoply status. Why is that. How monopolies in real world earn huge rates of..
q.a consulting company estimated market demand and supply in a perfectly competitive industry and obtained the
Elucidate using the example of multiple equilibria in the labour market. Illustrate diagrammatically
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.
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