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The marginal revenue curve of a monopoly crosses its marginal cost curve at $30 per unit and an output of 2 million units. The price that consumers are willing to pay for this output is $40 per unit. If it produces this output, the firm's average total cost is $43 per unit. What is the profit-maximizing (loss-minimizing) output? What are the firm's economic profits (or economic losses)?Can you help me in placing this in excel?
What is the real sector of the economy, what are the associated parity conditions, and how are they different from each other? Which one tends to hold the best? Explain why.
The average total cost of a monopolistic firm is AT C = 80/Q + 20Q. The firm is facing the demand function given by P = 6000 − 20Q. a) What will be the total profit that this firm will generate if it chooses price and quantity optimally?(Profit=22492..
How are market structures characterized? How are monopolistic competition able to achieve market power? Monopolistically competitive firms can earn positive economic profits in the short run, but in the long run:
Suppose ETP, LLC has estaimated its log-linear demand function for therapy as: Ln Therapy= 80-1.4In 9+1.2In M+0.4 In advt. Assuming each variables is statically, how would the consumption of therapy change if the simultaneously accounted for a % redu..
The federal reserve had decided that unemployment is rising too sharply and wants to reserve this trend by expanding the money supply. What steps must the Fed take to expand money? What will be the impact of the money supply curve? What is the reacti..
Nobel Prize winner Gary Becker and Judge Richard Posner11 suggested that "unions strongly favor the minimum wage because it reduces competition from low-wage.
q.the following outline provides a complete description of all economic activity in trivialand for 2003. compute gdp
What defense could be given to support the phenomenon of changing retail prices throughout the day, even if the earlier wholesale price has not changed?
Monetary policy can be used for contractionary or expansionary purposes just as we learned that fiscal policy could. Can you help me figure out when/how we would want to use expansionary monetary policy and when/how we would want to use contractionar..
discuss the best fit of the multinational firm to its worldwide industry environment and the changing role of central headquarters as an organization expands into other countries.
An engineering firm can lease a measurement system for $1,000 per month or purchase one for $15,000. The leased system will have no monthly maintenance cost, but the purchased one will cost $80 per month. At an interest rate of 0.5% per month, how ma..
Explain why you cannot primarily rely on budgets or expenditure documents to ascertain the costs of a project. In other words, why is it inappropriate to use budgets for estimating costs?
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