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A firm's total revenue is given by; TR= 30Q-Q^2
Its total cost function is given by TC= Q^2+10Q+10
a.find the profit maximizing output
b.what price will the firm charge to maximize its profits?
c.what are total profits?
d. Would a 50% tax on profits alter the firms output? by what amount and why?
Elucidate Average costs are minimized when marginal costs are at their lowest point.
If 7,218 of the Ahmadi cell phones were priced at least $119.00, how many cell phones were produced by Ahmadi, Inc.?
Should Joe continue to search or buy a DVD player at a price of $200. Elucidate your answer and show your calculations.
Explain why she should buy more lipstick or more eye shadow. Elucidate how your calculations also then elucidate your answer.
Determine the new equilibrium price and quantity and how much tax revenue does the government earn with $6 tax.
President says that wages probably should be cut so that workers could not afford to miss so much work. Evaluate two views utilizing income and substitution effects in your analysis.
Draw and explain a production possibilities frontier for an economy that produces milk and cookies. What happens to this frontier if disease kills half of the economys cow population.
"Suppose the market for oranges is disturbed by below-freezing cold weather that destroys much of the orange crop in the California. Predict what will happen to the equilibrium price and quantity in the market for oranges because of this natural d..
Describe the output level where average variable costs are minimized. Determine the output level where marginal costs are minimized.
The equilibrium allocation is stationary over time. Write down the market-clearing condition for an arbitrary date t. Find the real rate of return of at money at the monetary equilibrium. What is the gross rate of in ation?
Show an expression for average cost. Derive an expression for marginal costs. Is there any range of production characterized by scale of economies.
Jim Bradley is the director of the Bradley bakery. He has collected data on his store for the past year.
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