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3. (20 total points) Suppose in the short run a perfectly competitive firm has variable cost = 4q2, and MC = 8q where q is the quantity of output produced. Also, the firm has fixed cost F = 144. Suppose the market demand is given by P = 336 - 3Q where Q is the market quantity produced by all the firms. Assume there are n identical firms in the market. So Q = q*n. Find n (the number of firms). n = 16 Can anybody explain why n=16?
explain the following statement any deviation from planned output or planned expenditures consumption investment will
determining interest and approximate bond value. assume that three years ago you purchased a corporate bond that pays
the two largest diner chains in kansas compete for weekday breakfast consumers. the two chains golden inn and village
1. Describe Senator Reid's delivery style 2. What type of presentation is Senator Reid giving Is this the most effective style of presentation for this situation Why or why not
you are the manager of a firm that receives revenues of 40000 per year from product x and 70000 per year from product
Give a definition of Pareto Optimal Allocation in this economy. Find out all Pareto optimal allocations and graph them in the Edge worth Box and also describe what is the theory of Second Best? Prove the theorem by using a diagram.
when the price of corn was low consumers in the united states spent a total of 3 billion annually on its consumption.
use your own words to explain the idea of equilibrium in the income-expenditure model. as part of your answer explain
The marketing team of Burton Snowboard is analyzing her demand for two types of snowboard – Professional and Standard models. At Thanksgiving sales, the Professional board is discounted from the original price of $1,000.
Assume that you are 10 years into a 30 year home loan at 6.0%. You owe $150,000 left on your home at this time. You can refinance your loan at 3.5% for 20 years; however the closing costs will be around $4,500.
How do costs play into your everyday life? For example, why might it be cheaper to drive on a toll-road vs. a free-access interstate? Also, can you identify situations where you may fall victim to the sunk cost fallacy (we all do)?
relate how advertising impacts the price of a product. select one good and one service product for each of these
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