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1. Water is produced and sold by the government. Demand for water is represented by the linear func-tion Q=50-2P. The total cost function for water production is also a linear function: TC(Q) = 100 + 10Q. a. Show and explain how much the government should charge per unit of water to reach efficient allocation? b. Show and explain how much the government should charge if it wishes to maximize profit from the sale of water? What are profits? c. What is the value of the efficiency loss that results from charging the profit maximizing price in part "b" rather than the price determined in part "a".
Southwest Airlines is adding $100 million a year in new fees. Under new rules customers only get a partial refund for missed flights, prices are being raised for a third checked bag and for early boarding slots. The airline wants to increase rev..
1. a politician was recently quoted as saying our country can only reach full employment by raising the minimum wage
Amy's card shop receives a shipment of valentine's day card in December 2013. Amy pays the wholesales distributor of the card a total of $500. In February 2014 she sells the cards for a total of $ 700. What are the contributions of these transactions..
it's dominated by two firms, AMD and Intel. Yet price competition between those two firms is fierce, driving their profits down. Why is there greater price competition between rival computer chips than between rival computer operating systems
Suppose initially that the demand supply for premium coffees is in equilibrium. Now suppose Starbucks introduces the world premium blends, demand increase substantially.
the ceo of bank of america brian moynihan recently stated that us taxpayer money should not be used to bail out major
1. what types of things do you need to consider if you want to change your default electives? what resources will you
1. why do most cities in the united states now have more radios but fewer radio repair shops than they did in 1960?2.
However, the offer was contingent upon the Wallace board eliminating the poison pill. Wallace consulted with its investment banker, which advised the company that the offer was inadequate but did not inadequate. Both the board and its banker belie..
determine the equilibrium price equilibrium output unit profit and total profit at the equilibrium point. also
please answer all 3 questions using apa 6th edition format style site any paraphrasing or quotes that are used in the
Consider two occupations (A and B) that employ people with the same skills and abilities. When employed, workers in the two occupations work the same number of hours per day.
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