How does carbon tax affect/impact the transport sector in Australia.
September 3, 2020
how Netherlands present-day political geography (government, politics, etc) has been influenced by “location” (ie. how is their present political…
September 3, 2020
QUESTION 3A monopolist faces the demand curve Q = 11 – P where P is measured in dollars per unit and Q in thousands of units. The monopolist has a constant average cost of $6 per unit.a) Draw the average and marginal revenue curves and the average and marginal cost curves.b) What are the monopolist’s profit-maximizing price and quantity?c) What is the resulting profit?Sol: (3)Because demand (average revenue) may be described as P = 11 ­ Q, we know thatthe marginal revenue function is MR = 11 ­ 2Q. We also know that if average costis constant, then marginal…
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