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TC=0.2Q^2-5Q+30(Q^2 means Q square)
a) What is its corresponding marginal cost curve?
b) If the firm faces a price of $6 per unit, what quantity should it sell?
c) What profit does the firm make at this price?
d) Should the firm shut down?
Explain this relationship using at least two examples that incorporates all three concepts and explain how Demand, Elasticity, and Total Revenue are all related to each other
Social welfare functions embody a normative conception of the relative importance of equity and efficiency'. With the aid of diagrams, illustrate and explain this proposition.
Will you be a net borrower or net saver - In exchange for a good grade in this class, you offer me a series of bribes.
Describe the concept of the law of "diminishing returns" and why does it take place only in short run? Differentiate between "the long run return to scale" and "economies of scale."
Describe how this change affects output both immediately and over time. Is the steady state effect on output larger or smaller than the immediate effect?
In order to expel a foreign diplomat, that individual must be declared____.Internationally, what is the name of the commercial code that governs many international commercial transactions concerning the purchase or sale of goods?
how does charging the monopoly optimum and the welfare of consumers, the monopoly, and society?
Create a log return series from the stock price index (the log return is the change in the logarithm of the stock price). Estimate an appropriate pure AR(p) model and an appropriate pure MA(q) model and compare these to a mixed ARMA(1,1) model.
Optimal pricing strategy varies significantly across different market structures. The pricing guidelines in a monopoly market are relatively straightforward. Since the company is the only producer offering the product, it can mark-up the price as ..
What is the monthly payment if you ?nance the car over 4 years at the following interest rates: 0%, 4%, and 8%?
Consider a market characterized by the following demand and supply conditions: PX = 15 - 2QX and PX = 3 + 2QX. The equilibrium price and quantity are, respectively, a $3 and 9 units.
How much can he withdraw at the end of each month to have the fund last 20 years? How many years will the fund last if he withdraws $100,000 up front for a vacation condominium and then withdraws $2,000 at the end of each month.
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