Suppose that widgets are produced by a monopolistically competitive industry. if each firm in this market has the same cost structure and charges the same price, then q = s / n, assume that the demand curve is such that b = 1 / 20.
the cost function for any given producer is given by:
tc = 3,000 + (4 x q)
suppose there are two countries home and foreign and home has a market size sh = 2,400 widgets and foreign has market size sf = 1,350 widgets. assume that both countries have the same costs of production and demand curve.
a) find the equilibrium number of firms and the equilibrium price and quantity in the long run for each country in the absence of trade.

Cindy recently played in a softball game in which she misplayed a ground ball for an error. later, in the same game, she made a great catch on a very difficult play. according to the self-serving bias, she would attribute her error to and her good catch to her

Xie company identified the following activities, costs, and activity drivers for 2017. the company manufactures two types of go-karts: deluxe and basic. activity expected costs expected activity handling materials $ 625,000 100,000 parts inspecting product 900,000 1,500 batches processing purchase orders 105,000 700 orders paying suppliers 175,000 500 invoices insuring the factory 300,000 40,000 square feet designing packaging 75,000 2 models required: 1. compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. in january 2017, the deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. assign overhead costs to each model using the single plantwide overhead rate.

Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. the market value of the building is $120,000. she pays $35,000 per year for flowers and other supplies, and has a bank account that pays 5 percent interest. what is the economic cost of jen's business?