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Suppose the daily demand function for pizza in Berkeley is Q = 1,525 – 5P. The variable cost of making Q pizzas per day is C(Q) = 3Q + 0.01Q2 , there is a $100 fixed cost (which is avoidable in the long run), and the marginal cost is MC = 3 + 0.02Q. There is free entry in the long run. What is the long-run market equilibrium in this market? [HINT: Again, the trick is to find the minAC(Q), as you did in Q.1.]
q1. what is the most important case that the tax as supreme court has well sales?q2. discuss why tickets scalping at
If the face value of a 10% coupon bond is $10,000, what is the yearly coupon payment? If the yield to maturity of the above coupon bond is 8% and has 10 years to maturity, what is the present value of the coupon bond?
Laurie’s demand for x is given by . Which of the following best describes Laurie’s demand for x when the price of x changes if her income is 10 and px = 2? (a) Relatively elastic (b) Unit Elastic (c) Relatively inelastic (d) Perfectly inelastic (e) N..
Assume the subsequent data describe o/p in two different yrs. Compute nominal GDP in every yr.
How each market participant cares only about their own self interest rather than about the overall efficiency of resource us
Wicksteed made a significant contribution to value theory during the marginal utility revolution. This contribution was the "Exhaustion of the product"
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What is his budget constraint in terms of Consumption and Hours Worked. Draw his budget constraint on diagram. Now draw several indifference curves and indicate utility maximizing level of Hours worked and Consumption.
Disposable personal income equals personal income and two factors are the keys to determining labour productivity
mixed economic systems answer the three fundamental economic questions of what to produce, how to produce, and for whom to produce, including global environments
What is the belief that laws are justified if they prevent a person from harming him- or herself known as?
Think of ways in which the Government is actively involved with the purpose of changing the economy. Why does the Government use these tools of fiscal policy? What are the hoped for results? Do you agree the Government should be involved? Why or why ..
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