I know that when Total Revenue reaches its peak (TR=1), then the Marginal Revenue =0, but when Total Revenue exceeds its peak, what does the Marginal Revenue reach?
I have a short case study to analyze. However, I don't know how to defend my answer properly. There is no right or wrong answer, but I need to have a valid argument to the answer. In general, a clear written explanation is enough, but if you want to use graphs, numerical examples, or anything else to strengthen your argument, th
Find 2 sources to help you answer the following questions about the industry you chose: Research any negative or positive externalities the industry produces. 1) Does the transaction of a buyer and seller directly affect a third party? Is the effect a negative or positive externality? Please explain. Research whe
How does the state of the economy affect federal budget.How can macroeconomic variables inter-relate to each other.
Workers start at firm A when they are 18. The VMP of each worker remains $18 throughout their work life. Given the firm's concern that workers shirk, they start workers at $10 and increase the pay by $0.40 each year they are on the job. Assume that the firm does not have a pension plan and r=0 for all workers. (i) For wha
2. Andre's wage-schooling locus can be described by the following table Years of Schooling Annual Earnings 11 22,000 12 30,000 13 35,000 14 38,000 15
A firm in an oligopolistic industry has the following demand and total cost equations P = 600 - 20Q TC = 700 + 160Q + 15Q squared Calculate: A. Quantity at which profit is maximized B. Maximum profit C. Quantity at which revenue is maximized D.Maximum revenue E. Maximum quantity at which profit will be at
Imagine a truck driver that has complete control over his daily work schedule. He has no alternative income (from any source). Out of biologically necessity, he must sleep eight hours a day. Other than that, he can spend the rest of his time driving. If he drives all of his available time, he can afford to consume $192 worth
Calculate the totals change in a year's GDP A family sells a home, without using a broker, for $150,000. They could have rented it on the open market for $700 per month. They buy a 10-year old condo for $200,000; the broker's fee on the transaction is 6% of the selling price. The condo owner was formerly renting the unit fo
With an interest rate of 10% per year and given the following estimates, the annual worth of alternative ''F'' is closest to? A. $32,600 B. $36,100
If an owner of a company wanted to make a trip for non-business use and their lost wages was not tax-deductible, how could they justify making their decision whether to go or not?
Discuss the meaning of P = D/k. Identify the variables and spell out the assumptions related to the use of this "securities price" formula or model.