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6. Consider once again the microchip market. Demand for microprocessors is given by P 35 5Q, where Q is the quantity of microchips ( in millions). The typical firm's total cost of producing a chip is Ci 5qi, where qi is the output of firm i. a. Suppose that one company acquires all the suppliers in the industry and thereby creates a monopoly. Illustrate what are the monopolist's profit-maximizing price and total output?
Suppose that, over the short run ( say, the next five years), demand for OPEC oil is given by Q 57.5 .5P or, equivalently, P 115 2Q. ( Here Q is measured in millions of barrels per day.) OPEC's marginal cost per barrel is $ 15. a. What is OPEC's optimal level of production? What is the prevailing price of oil at this level?
Research where you would find the U.S. international trade policies and their history as they apply to various industries.
Give an example of an organization or business in your area that performs the "place" function, and explain why you picked this organization/business.
It is a hot day also Bert is thirsty. Here is value he places on a bottle of water.
Over which range of production, the marginal product of the variable input would be increasing in the short run.
Explain how it will affect the number of employees you schedule. All other things being equal, what will happen to prices of the Galaxy and the iPhone.
If a country's currency's external value is tied or pegged to the currency values of the country's leading trading partners, this arrangement
Assume you are part of a research team evaluating a proposal to clean up a dangerous squander site.
What is M1 in Iron mania. What is M2 in Iron mania.
Describe the difference between Economic contraction and Economic expansion
Explain how many units of housing would the government have to increase the provider of housing in order to get the market equilibrium rental cost.
Brinley puts on an art show in a public space asking for donations base on how much people enjoy his work.
Required all pharmaceutical firms to sell their drugs in a competitive market with no ability to patent their break.
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