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Determine Optimal Price, Quantity and Economic Profit
A firm has a demand function P = 200 – 5Q and cost function: AC=MC=10 and a potential entrant has a cost function: AC=MC=20.a. Determine the optimal price, quantity and economic profit for the firm in the short run.b. If the firm wants to preclude all entry into the market what price, quantity and profit will it choose?c. What price, quantity, and corresponding profit occur if this a purely Competitive market?d. Assuming the demand function is identical for all buyers, determine the two-part tariff that maximizes profit for the firm.e. Determine the optimal price, quantity and economic profit for the firm if it is a pure monopolist.
Consider the following linear program in primal form and develop the dual formulation in a detailed manner. Use matrix notation in developing the dual. Clearly express all the dual
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Socio Economic conditions of country also affect the sales forecasting. They may include total national income per capita income standard of living of the masses, education, inflat
price effect
what are the factors causing oligopoly market?
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This is a very common methods of forecasting demand. Under this methods a relationship is established between quantity demanded( dependent variable) and independent variables such
Much of the supply-side, fiscally conservative economic policies of Margaret Thatcher, Ronald Reagan, and even Mike Harris in Ontario were predicated on the belief that high income
can average labor productivity fall even though total output is rising
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