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Suppose a monopolist faces the following demand curve:
P = 90 2Q. Marginal cost of production is constant and equal to $10, and there are no fixed costs.
A) What is the monopolist's profit maximizing level of output?B) What price will the profit maximizing monopolist charge?C) How much profit will the monopolist make if she maximizes her profit?D) What is the value of consumer surplus?E) What is the value of the deadweight loss created by this monopoly?
Kellogg Company (you know them as Kellogg's, makers of Rice Krispies, Corn Flakes, and a variety of other cold cereal products) celebrated its 100th anniversary a few years ago in 2006. As with many companies, it has attempted to expand internatio..
In the aftermath of September 11 terrorist attacks, the quantity of sold airline tickets in 2002 fell by a large percentage when compared to 2001. During the same time period the average price for airling tickets also fell.
The continual liberalization of economic supplements appears to be advantageous, at least on the surface. What are some of the problems and/or issues with this liberalization trend
Assume that the unemployment profits provided through the private sector are raised permanently,
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Purchase of machinery to be used in production unit - 100, Sales-200, Intermediate costs-90, Indirect Tax-12, Change in Stock-10, Excise duty-6, Stock of raw material-5.
Calculate the extra output due to the water project and calculate the annual output of the village if the water project would be installed in $s
perfect competition 1. a perfectly competitive firm has the short-run marginal cost functionmc 3 6q 3q2where k
1) Does the goal of full employment imply zero unemployment? If not, what types of unemployment would you expect to be present if the economy is at full employment 2) Why is price stability an economic goal What are the problems associated with ra..
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governments have several means available to guide and influence competition in the marketplace. these means include
The flat-screen plasma TVs are selling extremely well. The originators of this technology are earning higher profits. What theory of profit best reflects the performance of the plasma screen makers?
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