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Suppose that the market demand for mountain spring water is given as follows: P = 1200 - Q. Mountain spring water can be produced at no cost.
(a) What is the profit maximizing level of output and price of a monopolist0?
(b) What level of output would be produced by each firm in a Cournot duopoly in the long run? What will the price be?
Dave currently earns a salary of $2,150 per week as an economics instructor. What weekly economic rent does Dave receive from being an economics instructor?
Your sole objective is to obtain the best of the three prizes. (Second best does not count.) A random selection provides a one-third chance of getting the best prize. Find a strategy that provides a greater chance.
Choose a topic from Micro economics that matters to you and find a recent news article covering that topic. Evaluate the article using Economic concepts
Suppose the government of Topland imposes an import quota of 9 units of peanuts. Given this information: What will be the price of a unit of peanuts in Topland? Show your work for full credit. What will be the value of consumer surplus given this qu..
o Determine whether the change is an increase or a decrease. o Show the change in demand and/or supply on the graph of the initial equilibrium. (You will have one graph for each event.) Identify the result on the equilibrium price and quantity of den..
You are the manager of a firm that produces and markets a generic type of soft drink in a competitive market. In addition to the large number of generic products in your marke
You've recently learned that the company where you work is being sold for $475,000. The company's income statement indicates current profits o. $18,000, which have yet to be paid out as dividends.
a pet store is considering adding an employee discount of 25 off anything in the store to the benefits the employees
Demonstrate how metrics such as valuation, economic profit, and related terms are measured and evaluated. Explain the significance and implications of various economic theories pertaining to profit.
How long will it take for the account to be paid off? (Do not round intermediate calculations and round your final answer to 2 decimal places.
cubic cost function TC = 3Q3- 40Q2+ 250Q + 900 faces the following market demand function for its product P = 2000 - 10Q The management of the firm decides to follow a three-stage market strategy- find the level of output that minimizes its average t..
Who are the informal and formal gatekeepers in the community? Provide a rationale for your answer that includes how and why you identified these gatekeepers.
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