Reference no: EM13162298
1. A firm in a competitive market invents a new method of production that lowers its marginal costs. What happens to its output? What happens to the price it charges?
a. The firm has an employee who threatens to tell all other firms in the industry about how to implement this new technique. Will it be possible to bribe the employee not to do this? Explain why or why not.
b. Why should this employee probably choose to tell only some of the other firms rather than all of them?
c. What factors will determine the best number of firms to sell the secret to?
2. A perfectly competitive firm faces a market price of $10 for its output X. It owns two plants, a and b, whose total costs are TCa= 10+ 2X+ .25X (to the 2nd power) TCb= 15 + .4X+ .1X (to the 2nd power)
3. A monopolist has two types of customers. There are 100 of Type A, who will each pay up to $10 for a single unit of the good, and 50 of Type B, who will each pay up to $8. Neither is willing to purchase additional units at any price. If it must charge a uniform price, find that price.
a. Assume that spending $80 on advertising will attract 100 more Type B customers. Should the monopolist advertise? If so, what will happen to price?
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How much will the ph change
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Draw the lewis structure of the molecule
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: Calculate the heat evolved when 75.0 mL of a 2.00M HCl solution reacts with 37.5 mL of a 4.00M NaOH solution if the temperature rises from 20.0 degree C to 37.9 degree
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What factors will determine the best number of firms
: Why should this employee probably choose to tell only some of the other firms rather than all of them and what factors will determine the best number of firms to sell the secret to?
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What is the ph of the buffer
: A buffer solution was prepared by adding 4.95 g of sodium acetate, NaCH3CO2, to 2.50 x 10^2 mL of 0.150 M acetic acid, CH3CO2H. What is the pH of the buffer?
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Calculate the enthalpy change
: Assume that the specific heat and density of the resulting solution are equal to those of water [4.18 rm J/(g cdot {^circ C}) and 1.00 rm g/mL] and that no heat is lost to the calorimeter itself, nor to the surroundings.
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Find the velocity of an electron emitted by a metal
: Find the velocity of an electron emitted by a metal whose threshold frequency is 2.15×1014 {rm s^{-1}} when it is exposed to visible light of wavelength 4.76×10-7 {rm m}.
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Explain sample of aspirin prepared in the laboratory
: Explain 3-A 0.421 g sample of aspirin prepared in the laboratory is dissolved in 95% ethanol, diluted with water, and titrated to a phenolphthalein endpoint with 17.3 mL of 0.114 M NaOH. What is the percent purity of aspirin in the sample?
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