A monopolist faces the demand curve q 60-p2 the cost
A monopolist faces the demand curve Q = 60-P/2. The cost function is C=Q2. Find the output that maximises this monopolist’s profits. What are the prices at profits and that output? Find the elasticity of demand at the profit maximising output.
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A bolt located 50 mm fm he center of an automobile wheel is tightened by applying the couple for 0.10 s. Assuming that the wheel is free to rotate and is initially at rest, determine the resulting angular velocity of the wheel.
Briefly explain how each of the following changes the money supply.a. the central bank buys bonds b. the central bank raises the discount rate
U.S. real gross domestic product increased from $10 trillion in 2000 to $15 trillion in 2010. During that same decade the share of manufactured goods (e.g., cars, appliances) fell from 16 percent to 12 percent.
In comparing two otherwise identical industries X and Y, an economist finds that labor demand is more elastic in industry X. Which of the following would support this finding?
If the market-clearing price is 6, obtain the profit maximising level of output.
GDP rises from 6 trillion in 2001, base year, to 12 trillion in 2008. the gdp deflator is 180. Find real GDP in 2008. Find the percentage increase in real gdp between 2001 and 2008.
In the two sector economy where there is no personal tax,how is personal income related to personal consumption expenditures and personal savings?
Keyenes consumption function appears to explain consumption over the short run but not consumption over the long run - why?
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