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A firm is a monopoly with demand and cost functions given by P = 200 - 2Q and C(Q) = 2,000 + 3Q2 respectively.Show your computations.
a. Show the equations for MR and MC.
b. Compute the profit maximizing quantity.
c. What is the price at the profit maximizing quantity?
d. Compute total revenue.
e. Compute total cost.
f. What are the profits?
What is the difference between the Law of Supply and the Law of Demand? How is the quantity affected when Demand shifts to the right?
make a graph showing gdp growth trend for the 5 countries.comment on the development. particular around and after the
A customer performs a full backup on the first Sunday of the month followed by a cumulative backup on the other Sundays. They also perform an incremental backup each day Monday through Saturday.
The ad shows that Alka-Seltzer Plus fights cough, body aches, runny nose, sneezing and fever, just like Vicks NyQuil does, but it also now can fight congestion, unlike NyQuil.
Administrative work: Exactly 2 workers are necessary to perform the administrative work for the business to operate. The administrative workers do not generate revenue.
Explain the details of cost benefit calculations. What "calculations" do migrants make before deciding to come to the U.S.? What are the investments?What are the returns?
i) Explain how this arrangement help to deal with the problem of moral hazard? ii) Explain how this arrangement help to deal with the problem of adverse selection?
a) Does this situation correspond to short-run equilibrium? Why or why not? b) Does this situation correspond to long-run equilibrium? Why or why not? Draw a graph to support your answer.
The total operating revenues of a public transportation authority are $100 million while its total operating costs are $120 million. The price of a ride is $1 dollar and the price elasticity of demand for public transportation has been estimated t..
Shaniq buys only soda and pizza and is buying the amounts that maximize her utility. The marginal utility from a soda is 30 and the price of a soda is $2. The marginal utility from a slice of pizza is also 30. The price of a slice of pizza must be
Compute the cross-price elasticity of demand between goods X and Y at the given prices.
The monopolist faces a levy imposed by the government and incurs marginal costs as in a competitive market (but without new firms entering/exiting the industry). Analyse the impact of the fee levied on the monopoly market outcome and the economic..
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