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There are 100 identical firms in a perfectly competitive industry. Market demand is given by -200P +8000. If each firm has a marginal cost curve, MC = .4 q + 4. What is the firm's supply curve ? What is market supply? What is equilibrium price? Equilibrium quantity? How much will each firm produce?
q1. bon temps has an issue of preferred stock outstanding that pays stock holders a dividend equal to 10 each year. if
Suppose Bev's Bags makes two kinds of handbags-large and small. Bev rents an industrial space where she keeps the fabric
The market price of cheeseburgers in a college town increased recently, and the students in an economics class are debating the cause of the price increase. Some students suggest that the price increased because several burger joints in the area have..
q.suppose a firms production function is given by q l12k12. the marginal product of labor and the marginal product of
Explain how, with trade, Nebraska can wind up with 40 million bushels of wheat and 120 bushels of corn while Iowa can wind up with 40 million bushels of corn and 120 million bushels of wheat.
Wal-Mart is a giant among retail outlets and accounts for major fractions of toy, grocery, and clothing sales in the U.S. and Canada. Wal-Mart's success is partly due to increases in productivity through many innovations in their operation. Now on an..
Sarah (single) purchased a home on January 1, 2008 for $600,000. She eventually sold the home for $790,000. Sarah used the property as a vacation home through December 31, 2014. She then used the home as her principal residence from January 1, 2015 u..
Derive the implicit function rule. (Quantitative methods in Economics)
Two cars leave an intersection with car A traveling due west at a constant speed of 20 mph (as measured by the ground) and car B traveling
When the Economy is at the point of Full Employment, is the Unemployment Rate zero percent.
Which of the following best explain why the pain of losing $1,000 exceeds the pleasure of winning $1,000 for risk-averse people? The more wealth that risk-averse people have, the less satisfaction they receive from an additional dollar. Risk-averse p..
The exchange rate for Estonia is 14 krooni per dollar. The exchange rate for Uruguay is 10 pesos per U.S. dollar. First, recalculate both of these exchangers in terms of how many U.S. dollars per unit of foreign currency. Then calculate the exchange ..
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