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The total revenue and total cost function that faces firm A are: TR=30Q
TC=100+8Q+0.01Q^2 (Note: Q^2 is q-squared)
What is firm's A marginal cost (MC)?
In Japan, there are tariffs, price supports, and import restrictions such quotas on rice. Compare the price of rice in Japan to the price in the United States
Apple expects to see the quantity demanded for iPhone 8 to rise from 2 million to 3 million by the end of the year. What is the iPhone 8's elasticity of demand?
What is the value of a preferred stock that pays a perpetual dividend of $100 at the end of each year when the interest rate is 6 percent?
ABC Company purchases a machine for $40,000, keeps it for six years and sells it for $5,000. During the time the machine was used by the company, O&M cost totaled $5,000 the first year, $6,000 the second year, $8,000 the third year, $9,500 the fourth..
Think of the market for cell phones. In a short answer, list at least two (2) events that would cause the demand curve to shift, and at least one (1) event that would cause the supply curve to shift. In your answer, name the event, the curve it will ..
Between early 2008 and the beginning of 2009, a gradual stock-market downturn and plummeting home prices generated a substantial reduction in U.S. household wealth that induced most U.S. residents to reduce their planned real spending at any given pr..
Bahrainia is a country that has closed borders and does not import or export any goods or services; hence, they do not worry about trade with other countries. Total spending for the federal government of Bahrainia for the last fiscal year was 24.2 bi..
If every time the bank makes a loan, the loan results in a new checkable bank deposit in a different bank equal to the amount of the loan
As the manager of a monopoly, you face potential government regulation. Your inverse demand is P = 70 - 1Q, and your costs are C(Q) = 22Q. Determine the socially efficient price and output. Determine the monopoly price and output.
Which would NOT shift the aggregate demand curve to the left? If there is an inflationary gap, the market will transition to long run equilibrium by. If the price level rises and the money wage rate remains constant, the quantity of real GDP supplied..
Micro media offer computer training seminars on a variety of topics. In the seminars each student works at a personal computer, practicing the particular activity that the instructor is presenting. Micro media is currently planning a two-day seminar ..
Describe a market situation in which the operating company faces economic difficulties and the need to cut costs. What cost cutting strategies might the operating company use to remain profitable? What would be the benefits and drawbacks of each?
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