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Question - Suppose that a monopolistically competing restaurant is currently serving 240 per day at that output level ATC per meal is $10 and consumers are willing to pay 13 per meal What is the size of the firms profit or loss B- assume that the allocatively efficiency output level in the long run equilibrium is 200 meals in long run equilibrium suppose that this restaurant charges $11 per meal for 180 meals and that the marginal cost of the 180th meal is $9 What is the size of the firms profit?
health administration question-answer each of the questions below note that each question is of equal weight and that
What difference does it make, if any, if technology is moving very fast in the market so that this game proves to be one-time-only simultaneous play?
What factors can cause an increase in the expected future exchange rate?
suppose the demand for guitars in state college is given by qd 8000 - 10p where qd is the quantity demanded and p is
identify a good or service with which you are familiar. what factors have contributed to changes in the supply of and
What is the own price elasticity of demand when Px = $154? Is the demand elastic or inelastic? What would happen to the firm's revenue if it decided to charge a price below $154?
Discuss the effect of climate change on any animal of your choice, this includes coral reefs.
What is the significance of resource pricing. Explain how the factors determining resource demand differ from those determining product demand. Explain the meaning and significance of the fact that the demand for a resource is a derived demand.
Toshi has entered a hotdog eating contest. Toshi estimates he can win the contest if he is able to consume eleven hotdogs within the time period allowed. Toshi actually likes hotdogs. His utility function is given by:
If the average shooter aims at someone, he will hit them half of the time. If the drunk aims at someone, then he will hit them only ten percent of the time. Once someone is hit, they are out of the game, with the winner being whoever is the last r..
In the United States, a buyer of a new electric is eligible for a one-time federal income tax credit of up to $4,000. Show the effect of this tax credit graphically, assuming the $4,000 credit is a Pigouvian subsidy. Label the graph correctly and exp..
Why should this employee probably choose to tell only some of the other firms rather than all of them and what factors will determine the best number of firms to sell the secret to?
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