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Suppose a firm has the following total cost function: TC = 100 + 5q2. What is the minimum price necessary for the firm to earn profit? Below what price will the firm shut down in the short run?
Electric utilities in California often make exchanges of power with utilities in the Pacific Northwest because their time patterns of consumption differ.
A monopoly produces widgets at a marginal cost of $10 per unit and zero fixed costs. It faces an inverse demand function given by P = 50 - Q. Which of the following is the marginal revenue function for the firm?
identify the capital resources for the country you selected for your term paper phillipines. are the machinery
Suppose there are only two countries in our world - Zooboolooland (we can call it 'Z' for short) and Econotopia (we can call it 'E' for short). Zooboolooland
Discuss the demand side of the market for oil. What are the determinants of demand for oil? Justify your answer by quoting relevant sentences from the article.
Please help describe profit maximizing decision of pure monopolist firm and compare it to the profit maximizing decision of the firm in a purely competitive market and a monopolist firm in the competitive market.
How do inflation and unemployment affect the economy in terms of growth (use U.S. as an example)
With units-of-production depreciation, what is the allowable depreciation rate per hour? What is the book value after 4000 hours of operation
In a competitive market, the market demand is Qd = 400 - 5P and the market supply is Qs = 10P - 80. A price ceiling of $32 will result in a. a shortage of 80 units b. a shortage of 44 units
For each of the following, indicate whether it is more likely to be associated with a laissez-faire economy or a centrally planned economy.
Select an article from any Australian news websites or newspapers(e.g. Financial Review, The Age, and Sydney Morning Herald). Ensure that the article you choose contains news/information/description about: (a) Competition and the nature of competitiv..
How would this results be affected if consumers were reluctant to shift purchases from one firm to another because of consumer switching costs?
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