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The demand curve is given by QD = 500 - 2PX
a. What is the total revenue function?
b. The marginal revenue function is MR = 250 - Q.
Graph the total revenue function, the demand curve, and the marginal revenue function.
c. At what price is revenue maximized, and what is revenue at that point?
d. Identify the elastic and inelastic regions of the demand curve.
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In the late 1990s a growing number of economists argued that world policymakers were focusing too much on fighting inflation. The economists also argued that the technical level of potential output had risen. Show their argument using the AS/AD mo..
What is the equation for the average variable cost and what is the minimum level of average variable costs'?
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the principal-agent problem occurs if the manager ceo is not present to monitor the worker manager. how can she get the
In the model of a dominant company, assume that the fringe supply curve is given through Q = -1 + 0.2P, where P is market price and Q is output. Demand is given by Q = 11 - P.
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here are some hypothetical numbers used to illustrate the ideas of trade-offs specialization and comparative advantage.
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