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The wood-pallet market contains many identical firms, each with the short-run total cost functionSTC(Q) = 400 + 5Q+Q2, whereQis the firm's annual output (and all of the firm's $400 fixed cost is sunk). The corresponding marginal cost function is SMC(Q) = 5 + 2Q. The market demand curve for this industry isD(P) 262.5 -P/2, wherePis the market price. Each firm in the industry is currently earning zero, economic profit. How many firms are in this industry, and what is the market equilibrium price?Nov 18 2014 05:58 PM
How much the definition of Pareto optimality accomodate that and How do the policy issues compare here to the above?
What was GDP in year 1 - what was GDP in year 2?
Cinema Theater has estimated the following demand functions for its movies: Daytime demand, QD = 400 - 50 PD Nighttime demand, QN = 200 - 20 PN The marginal cost of serving another customer is $5 and its fixed costs are $100.
With quantity (Q) measured in oranges per day and price
A man is planning to retire in 20 years. Money can be deposited at 8%, compounded monthly. It is estimated that the future general inflation rate will be 3% compounded annually. What deposit must be made each month until the man retires so that he ca..
The following two equations represent the demand and supply schedules of motorbikes for Country A. Suppose country A is large enough to affect the world price of motorbike and therefore it faces an upward-sloping supply curve from the rest of world (..
Calculate the Critical Ratio and the Estimate at Completion
Consider a firm in a perfectly competitive industry with the following cost structure: VC (Q) = 10 Q2 + 50 Q, FC = 4000 and MC (Q) = 50 + 20 Q. If the market price is Pm = 40, in the short-run this firm will produce
Normal 0 false false false EN-US X-NONE X-NONE The over allocation of reso..
communication is the sharing of information between two or more individuals or groups to reach a common understanding.
Which of your current costs are implicit, and which are explicit and suppose The Breakfast Club, Inc. offers to pay $800/month to use the building
Under a fixed exchange rate regime, we know that an increase in stock market wealth that increases consumption will cause:
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