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Suppose a monopolist faces a demand curve: P=140-6Q. Marginal cost of production is constant $20, no fixed costs.
-What is the monopolist's profit maximizing level of output?
-What price will the profit maximizing monopolist charge?
-How much profit will be made if maximizing profit?
-What is value of consumer surplus?
-What is value of deadweight loss created?
Determine the level of trust that you would place in information provided by the following: a salesman at car lot, the dealer's Website and social media.
Consider an individual with Cobb-Douglas preferences over some good and all other goods. Without doing any math, or drawing a graph, which is bigger.
For a profit-maximizing monopolistically competitive firm, how does price compare with marginal cost?
A firm whose average total cost continually declines at least to the quantity that could supply the entire market.
If you were a retailer, would you want to sell domestically made goods or imported items? Please explain why you made this choice.
We will identify the existing effect of the economic factors on aggregate demand and supply. In addition, we will identify current recommended fiscal policies by government leadership.
at what rate of gdp growth would indicate that our economy is in an expansionary phase of the business cycle? do you
The Fed plays an important role in maintaining market confidence. As former Chairman Alan Greenspan put it in a 1997 address.
Distinguish between explicit & implicit costs, giving example of each and what are the explicit & implicit costs of attending college?? Why does the economist classify normal profit as a cost?
It has now become common for firms situating assembly plants to make states compete for their industry; states and local governments often race to offer most generous tax profits.
Are the salaries received by professional sports athletes outrageously high? Must the CEO's of financial institutions receive more monetary compensations than entertainers, since their jobs contribute more to the development of the country? What are ..
Your machine cost $12,000 new, and has a salvage value of $3,000 in 5 years. If your interest rate is 10% annual with annual compounding.
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