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Suppose that the market demand for a monopolist's good is given by the following demand function: P=150 - Q. In addition, suppose that the firm's total cost function is TC = 50 +20Q. Finally suppose that the firm utilized a uniform pricing rule. What price will the firm charge if it want to maximize profits?
Please show all steps...... (need to know for a test : )
Compare and contrast the public-interest and special-interest theories of economic regulation. What is the capture theory of regulation?
In competitive market the market demand is Q=60-6P and supply =4P
Answer the following questions assuming the single index model holds. Assume the correlation coefficient between a stock, XYZ, and the market index is 0.70. What percentage of XYZ’s total risk is firm specific?
Suppose a firm’s production function is q = 5LK , where q is the level of output, L is the quantity of labour and K is the quantity of capital. find the cost-minimizing input bundle to produce 720 units of output.
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Elucidate its advantages and disadvantages and suggest appropriate policy prescriptions to deal with the potential shortcomings.
Explain how do real GDP and the cost level change if the forecast of inflation turns out to be incorrect.
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Fill in the table below using a Keynesian Model where aggregate expenditure equals consumption spending plus investment spending plus government spending.
Given the estimate for own price elasticity is -4.5, and the upper and lower 95% confidence intervals are -.5 and -8.5, what is the standard error for the own price elasticity estimate?
If the value of M increased from 50,000 to 60,000 also nothing else changed which would equilibrium price increase or decrease. Would the equilibrium quantity increase or decrease.
A patent defense provision of a license is activated in which of the following situations?
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