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Suppose that the market demand for a new drink is given by P = 30 – Q and the marginal cost to produce this new drink is $3.
Graph the demand curve, the MR Curve and marginal revenue cost
What is the monopoly price of this new drink?
What price would this new drink sell for if it sold in a competitive market?
What will be the price of this new drink in the long run if the industry is a Cournot duopoly?
What will be the price of this new drink in the long run if the industry is a Stackelberg duopoly?
explain the concept of diminishing marginal utility. since all goods are scarce does diminishing marginal utility
An increase in the home country's individual income taxes
a practice uses 40 worth of a dentists time 30 worth of a hygienists time 10 worth of supplies and 15 worth of a
An employee receives a letter of reprimand that goes in his personnel file but is not demoted and not suffer any other action. Does the letter constitute an adverse employment action Why or Why not
Brand names can be important to the success of a firm in some industries. Consider industries that demonstrate monopoly, monopolistic competition, oligopoly, and perfect competition. What is the goal of creating a brand name for each
Describe why the profits of such firms tend to increase when there is the excess supply of the inputs they employ in their production process.
datafilecontains1500housessoldinstocktoncaliforniaduring1996-1998.thevariabledescriptionsareasfollowsbull sprice
For a firm in a perfectly competitive market that faces a market price of $5/unit for its output, draw a diagram showing a U-shaped long run Average Cost curve and the related Marginal Cost curve so that, in the situation you show
a. it is often suggested that the bank of canada try to reduce the inflation rate to zero. if we assume that
A company uses two variable inputs, labor (L) and materials (M), to produce its output. At the companys current level of output: CL = $10 / unit MPL = 25 CM = $2 / unit MPM = 4 a. Decide whether the firm is operating efficiently, given that its objec..
Obtain Income elasticity of demand and Calculate the quantity demanded for goods 1 and 2 at these prices and this income level.
Prince Sports wants to exploit a favorable trend-the dramatic growth in tennis participation. For example, a recent study by the Sporting Good Manufacturers Association notes that tennis participation in the U.S. was up 43 percent from 2000 to 200..
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