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Question: The demand for boobles can be written as: Q = 11,000 - 8P.
Calculate the price, quantity, total revenue and marginal revenue when the elasticity of demand = -2.2.
Calculate the price, quantity, total revenue and elasticity of demand when MR = $60.
Calculate the price and quantity at which total revenue is a maximum. What is maximum revenue?
How much production in your country is undertaken by foreign multinationals? Con- sider the reasons why those companies chose to locate investment and production in your country. Are they the same factors that have made companies that are based in..
Many central banks in the world are independent in the sense that they are partially isolated from short-run political considerations and pressures.
Suppose a monopolist has TC = 100 + 10Q + 2Q2, and the demand curve it faces is p = 90 - 2Q. What will be the price, quantity, and profit for this firm
There are only two polluting sources in the region, each of which generates 10 units of pollution for a total of 20 units released into the environment. The government determines that emissions must be reduced by 10 units across the region to achieve..
problems are caused by omitting a relevant variable
2) Due to expanded growth in a certain portion of the city, a new waste truck capacity is needed. An additional truck can be purchased now to replace the presently owned assets. The city uses a 5% interest rate for project evaluation. It is eco..
Explain what products or services local utility provides. Are there other companies that provide these products in your community?
choose and research an industry where there has been a pattern of change in a particular market model monopoly
Who gains and who loses from a tariff? How do the effects of tariffs differ from the effects of quotas? If you were a small country, what would you rather utilize? 200 word answer
Grade-school education is said to yield a beneficial externality because all of us benefit from interacting with people who know basic reading and writing.
What is the marginal cost of one additional unit when the firm is currently producing 3 units - difference between the average total cost and average variable cost smallest?
Suppose that a firm produces 20000 units a year and sells them all for $10 each. The explicit costs of production are $1500000 and the implicit costs of production are $ 300000. The firm has an accounting profit of?
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