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a manufacturer of vacuum cleaners incurs a constant variable cost of production equal to 80 she can sell the appliances
for the vacuum cleaner producer in the preceding questiona draw the mc curveb next draw her afc and her avc curvesc
consider the supply curves of two firms in a competitive industry p qa and p 2qba on a diagram draw these two supply
amandas apple orchard productions limited produces 10000 kilograms of apples per month her total production costs at
consider the data in the table below tc is total cost t r is total revenue and q is outputa add some extra rows to the
the market demand and supply curves in a perfectly competitive industry are given by qd 30000-600p and qs 200p-2000a
consider the preceding question againa suppose all of the existing firms have the same cost structure as the new
now consider what will happen in this industry in the very long run - with technological change the total cost curve
consider two firms in a perfectly competitive industry they have the same mc curves and differ only in having higher
suppose you are told by a production engineer that the relationship between output q on the one hand and input in the
the total product schedule for primitive products is given in the table belowa draw the total product function for this
return to question 1 above and now calculate and plot the ap and mp curvesquestion 1suppose you are told by a
the timing of wine sales is a frequent problem encountered by vintners this is because many red wines improve with age
a monopolist faces a demand curve given by p 100-2q labour is his only cost and the wage rate is fixed at 8 per worker
suppose that instead of a monopolist in the previous question the market was perfectly competitive production
imagine that the biggest four firms in each of the sectors listed below produce the amounts defined in each cell
you own a company in a monopolistically competitive market your marginal cost of production is 12 per unit there are no
two firms in a particular industry face a market demand curve given by the equation p 100-13q the marginal cost is 40
suppose now that one of the firms in the previous question decides to break the cartel agreement and makes a decision
the classic game theory problem is the prisoners dilemma in this game two criminals are apprehended but the police have
taylormade and titlelist are considering a production strategy for their new golf drivers if they each produce a small
the reaction functions for two firms a and b in a duopoly are given by qa 104 - 2qb and qb 80-4qaa plot the reaction
consider the example developed in section 115 assuming this time that firm a has a mc of 4 per unit and b has a mc of
consider the market demand curve for appliances p 3200-14q there are no fixed production costs and the marginal cost
consider the outputs you have obtained in the preceding questiona compute the profit levels under each of the three