Perfectly competitive market

A firm sells its product in a perfectly competitive amrket where other firms charge a price of $80 per unit. The fir's total costs are C(Q) = 40+ 8Q + 2Q^2 a. how much output should the firm produce in the short run? b. what price should the firm charge in the short run? c. what are the firm's short-run profits? d. what adjustments should be anticipated in the long run?

Most inelastic demand.

Rank the following goods in the order of the MOST INELASTIC demand. Explain the answer. a. Swiss Cheese b. Cheese c. Dairy Products

Greatest present value

(See attached file for full problem description) --- 1. You have just been hired as a consultant to help a firm decide which of three options to take to maximize the value of the firm over the next three years. The following table shows year-end profits for each option. Interest rates are expected to be stable at 8% over the next 3 years. Option Profits in Year 1 Profits in Year 2 Profits in Year 3 A $70,000 $80,000 $90,000 B $50,000 $90,000 $100,000 C $30,000 $100,000 $115,000 Which option has the greatest present value?

Regression (OLS) and beta values

2. Before dinner, you run an OLS regression with the data below and commit the estimated beta values to memory. X Y 2 6 4 17 5 16 8 20 2 8 While watching television after dinner, you suffer memory loss. You can't remember what show you just watched or what you ate for dinner. What's worse, you can no longer remember whether beta-0=4.2 and beta-1=2.2, or whether it was the other way around (beta-0=2.2 and beta-1=4.2). You can't rerun the regression, because you have forgotten the password to your computer. And, incredibly, you can't remember the formula for computing beta-1 by hand, something you were sure you would remember for the rest of your life. How can you ... click for more

What products or services do you expect to be price elastic, price inelastic, or too close to call in the short run?

What products or services do you expect to be price elastic, price inelastic, or too close to call in the short run?