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Q. If the profit function for a perfectly competitive widget is:
Profit = 100Q - 5000 - 0.2Q^2
a) Illustrate what is the price of widgets?
b) Then illustrate what would the total cost function be?
c) If output is 200 units illustrate what are the variable costs? Fixed costs?
d) Illustrate what is the product maximizing level of output for this producer?
e) Will the producer make a positive profit at this level of output?
Q2. Provide at least two recommendations for Elucidate how a company should approach its capital budgeting. Elucidate the reasoning behind your recommendations.
Kaufmann's offers only an hourly wage. Do you expect Kaufmann's hourly wage to be higher or lower than Farleigh's.
Compute new supply of $ at each exchange rate and graph the new supply curve.
Each of the estimated coefficients statistically significant at the 95 per cent confidence interval. What is the optimal output level.
Can you find a Nash equilibrium in pure strategies that is not efficient. In some legislatures, proposals for modifications of the law are formulated by committees.
Explain how much additional profit do you earn using a two-part pricing strategy compared with charging this customer a every-unit price.
Explain how is world currency valued against the US dollar such as Euro and Chinese.
Illustrate what would happen if too more labor is hired without an addition to capital. Elucidate using economic terms.
if the demand for labor is elastic because the demand for labor will decrease more when you have elastic demand than if demand were inelastic.
movements along the consumption function while changes in wealth lead to a shift of the consumption function.
Illustrate what are the factors that determine the demand for and provide of money.
Calculate the equilibrium buyers' also sellers' price with no sales tax also then with the 20% tax Supposed above.
The Microsoft Case Microsoft Monopoly--Why was Microsoft investigated for antitrust behaviour.
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