Consider monopoly firm that produces diamonds. this firm sells in two different markets, one is completel sealed off from the other. the inverse demand curve for the firms produc in the first market (market 1) is p=16-0.5. The inverse demand curve in the second market (market 2) is p=26-0.5q. The cost function is c(q)= 10a. the government imposes a unit tax t=1 on quantity sold in each market and the firm can charge different uniform prices in different markets. what price should the firm charge in each market to maximize profits

True or flase? a. new technological developments can us adapt to depleting sources of natural resources. b. research and development funds from the government to private industry never pay off for the country as a whole; they only increase the profits of rich corporations. c. in order for fledgling industries in poor nations to thrive, they must receive protection from foreign trade. d. countries with few natural resources will always be poor. e. as long as real gdp (gross domestic product) grows at a slower rate than the population, per capita real gdp increases.

Abank has $132,000 in excess reserves and the required reserve ratio is 11 percent. this means the bank could have in checkable deposit liabilities and in (total) reserves.

Which of the following is one of the five fundamental questions? which products will be in scarce supply and which in excess supply? who should appoint the head of the central bank? how much should society save? correct what goods and services will be produced?