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A monopolistically competitive firm has a short run production function given by Q = 2L0.5 Assume the wage rate is $10, the firm's fixed cost is 500, and demand for the firm's output is P = 600 - 3Q
Suppose the firm's goal is to maximize its sales revenue.
(a) What is the firm's revenue maximizing output, price, employment, and profit?
(b) What is the firm's profit maximizing output, price, employment, and profit?
Draw the world relative supply curve RS for good X. Label all the axes (relative price of good X on the vertical axis and world output of x relative to y on the horizontal axis) and the relevant points.
Stock market bubbles and following crashes are example of
Assume a certain firm in a competitive market is producing Q = 1,000 units of output. At Q = 1,000, the firm's marginal cost equals $15 and its average total cost equals $11. The firm sells its output for $12 per unit.
suppose the yield to maturity on a 2 year treasury note was 4 while the yield on a 1 year note was 5. assume that
How are the laws of supply and demand illustrated in this graph - What is the equilibrium price and quantity in this market?
Nova corporation just announced that it had a record year. Its earnings have increased nearly 10%. Explain how this announcement can lead to a decline in the price of Nova Corporation's Stock
The policy combinations given below would consistently work in the direction of DECREASING the rate of growth of the money supply, also known as contractionary policy are
you are the owner of a small bread factory and are thinking of lowering costs and expanding. your small-business
The problem belongs to Economics and it is explain about writing a short summary for the article. The article is Optimal pricing strategies under co-existence of price-takers and bargainers in a supply chain by C-W Kuo, R-S Guo and Y-F Wu (2012).
Discuss two to three actions a budget analyst should review consistently to alleviate over budgeting for operating and maintenance costs of a capital project.
Discuss the link between agenda setting and the development of legislation - Discuss the various sources of ideas for legislative proposal
how does charging the monopoly a specific tax of 10 per unit affect the monopoly optimum and the welfare of consumers, the monopoly and society?
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