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Suppose the microchip producer faces demand and cost equations given by Q= 8.5 - 0.5P and C = 100 = 38Q. Choosing to treat price as its main decision variable, it writes profit as: ?= R- C = [P(8.5-.05P)] - [100+(38)(8.5 - .05P)] = -423 +10.4P - .05P^2. Derive an expression for M?=d?/dP. Then set M? = 0 to find the firm's optimal price
The discussion centers on how person or consumers would react during a period when a country's GDP growth rates.
Discuss some obstacles to successful international economic rule coordination in terms of current global economic and political policies and their effect on business conclusion?
Assume that initially equilibrium was 200 units and that this was also full employment level of income
Suppose that the company is a price taker and the market price is $10. How many units will each plant produce?
Why does a temporary increase in the real wage increases the amount of labor supplied, but a permanent increase may decrease the quantity supplied. Condiotions of this too happen too.
In a closed economy the marginal propensity to consume is .60 and the marginal propensity to invest is 0.10. What is the size of the multiplier?
Find the cost of Debt for the following information
Elucidate when producers reduce price for good and services, it increase consumers surplus and everyone standard of living.
1. staple all pages of your homework together.2. type your homework.3. if you want the final exam grade to replace
Elucidate the difference among a monopoly and an oligopoly, the welfare effects of monopoly.
Consider a product with a supply function Q 1 = β 0 + β 1 + u 1, a demand function Q d i =y 0 +u i d . Show that P i and u s d are correlated.
If you were having a conversation with a Keynesian and a Classical economist, and the conversation turned to why the economy is experiencing high unemployment and what the government should do about it
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