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Your firm's research department has estimated your total revenues to be R(Q) = 3,000Q - 8Q2 and your total costs to be C(Q) = 100 + 2Q2. (Note that MB = 3,000 - 16Q and MC = 4Q.)
a. What level of Q maximizes net benefits (profits)?
b. What is the maximum level of net benefits (profits)?
Some fields have large enough quantities of both oil and natural gas that coordination must be achieved for the production of both, rather than oil alone as in our examples. Will fields with both oile and gas have greater difficulties in unitizati..
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..
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if the income levels of all individuals are equal the population index of demand for physician services will be
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In some European countries, laws are in place that give a lot of protection to workers and keep them from being unfairly fired. What is your take on these laws ? Give a more insight.
"Nothing is more useful than water: but it will purchase scarce anything; scarce anything can be had in exchange for it. A diamond, on the contrary, has scarce any value in use; but a very great quantity of other goods may frequently be had in exc..
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