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A monopolist faces a demand given by p = 40 – 4y . Its cost function is c ( ) = 2 + 4 y .
a) What is the optimal level of output for a monopolist? b) What is a monopolist price? c) What is the total profit (or loss)? d) Show answers to (a), (b), and (c) on a graph that includes demand, MR, and MC e) What is the dead weight loss because of inefficiency of exercising monopoly power?
Calculate lim x?0- f'(x) and lim x0+ f'(x). Calculate f''(x), and find any inflection points and the intervals on which f(x) is concave up and concave down.
If the interest rate is 8%, determine if the new column should be purchased. Solve by both present worth and annual cash flow analysis methods.
Without using the midpoint formula, can you tell whether demand is elastic, inelastic, or unit-elastic over this price range.
What is the most you would be willing to pay for one of these licenses, if you know that you get to choose your level of output before the other licensee does, also knowing that your choice is observable by the other licensee?
Illustrate what are the different types of inflation. Elucidate why is it important to know which type of inflation we may be experiencing.
Explain what would the cross-wage elasticity between teenagers and adults have a positive or negative sign.
There have been some discussions about the possibility of IRS applying only a flat tax rate in the future to every individual's income in order to calculate the individual's share of income tax.
If the reserve requirement is changed to 5 percent, Explain how much can First Bank lend and by Explain how much can the money supply be expanded.
Evalute with 95% confidence the decrease in percentage support between now and 6 months ago.
Who benefits from a tariff or quota? Who loses? Why would domestic markets benefit from protectionist trade policies? How do protectionist trade policies affect a government’s wealth and fiscal policy?
List out three problems of decentralized power that existed under the articles of Confederation . For Each problem you listed, identify one solution that the Constitution provided to adress the problem.
Write down the consumer budget constraints when young also when old the consumer lifetime budget constraint the government budget constraint also the market clearing conditions.
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