hak

Questions and answers by hak

Questions (5)

Assume that there are 1000 identical firms each with the marginal cost function of MC=10 + 2Q and the market demand function for
1. 3 answers
2. 141 views
Suppose you are the manager of a watch producing firm in a competitive market. If your cost of production is given by TC=100+Q2a
1. 1 answer
2. 93 views
Suppose a typical firm’s marginal cost in a perfectly competitive industry is given by MC=10+ 0.001Q and there are 1000
1. 1 answer
2. 136 views
A consumer consuming two commodities X and Y has the following utility function U=XY+2X. If the price of the two commodities are
1. 3 answers
2. 150 views
1. Define what decision is making.
1. 1 answer
2. 82 views

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