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Suppose that the demand function for a monopoly is given by
Q(A,P) = 100-P+A^0.5, where Pis price, and A is its advertising level. Its marginal cost is 5, and its marginal cost of advertising is 1. Calculate the output level, price level for profit maximization. What is the optimallevel of advertising?
Explain how many tons of coffee does the United States import. If the world price of a computer is $500, what is the world price of a ton of coffee.
A fixed resource is one that?
When marginal revenue is greater than price the firm's profit is always positive. When an increase in the quantity results in a reduction in profit marginal cost is greater than marginal revenue. Generally, to maximize profit is to minimize cost.
Why was/were the firm(s) investigated for antitrust behavior?
The Students Union introduces the following scheme: Students can buy a Caffeine Addict card for $50, which entitles them to a 25% discount on the price of coffee sold at the cafeteria. With coffee on the horizontal axis and income on the vertical, (i..
Suppose that initially the money supply is $4.0trillion, the price level equals 4.00, the real GDP is $6.0 trillion in base-year dollars and income velocity of money is 6. Then suppose that the Fed cuts the money supply in half but the income velo..
An economy grows at an annual rate of 3% It will take approximately years for GDP to double. (Round your answer to the nearest whole number.)
Assume that wages and prices are sticky and that we start at a long-run equilibrium. What is the inflation rate at the initial long-run equilibrium (the point where we start)? After the negative real shock, what is the level of expected inflation for..
A. What is the firm's average collection period? B. What is the firm's current receivables balance?
Frances sells earrings in the perfectly competitive earring market. Her output per day and costs are as follows: OUTPUT PER DAY TOTAL COST 0 1 1 2.5 2 3.5 3 4.2 4 4.5 5 5.2 6 6.8 7 8.7 8 10.7 9 13 a) If the current equilibrium price in the earring ma..
Suppose a competitive market consists of identical firms with a constant longrun marginal cost of $10. (There are no fixed costs in the long run.) Suppose the demand curve at any price, P, is given by Q = 1000 ? P.
Utilizing productive efficiency as guide, which nation should produce Chevrolets and which should produce Toyotas.
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