What is the estimated total cost of the crisis in each of these three countries?USA, UK, and Germany State clearly the source of the estimates. What factors explain most of the total cost of the crisis in each of the countries??

Your company just purchased a piece of equipment. The maintenance cost of the equipment is estimated at $1,200 for the first year and it is to rise by $200 each year. How much should be set aside now to have enough to cover for the maintenance cost for the next 7 years? Assume payments are made at the end of each year and an interest rate of 4%.

1. Suppose that there is “dominant” firm with total cost function of c(q) = 100 + 10q + 0.25q². It faces a market demand function (inverse) of p = 100 − 0.5Q, where Q indicates total market supply. This dominant firm has to deal with 10 fringe firms, each of whom behaves perfectly competitively. Each fringe firm has a marginal cost function dc(q)/dq = 20q + 25

   a) Calculate the supply function of the fringe firms
   b) Using this, calculate the residual demand function of the dominant firm.
   c) Derive the marginal revenue function of the dominant firm.
   d) Find the profit-maximizing price of the dominant firm.
   e) How much does the competitive fringe supply to the market?

With the help of graph explain the Ricardian theory of trade under increasing cost of production (bow shaped ppf).

Suppose the firm is producing a quantity on the downward sloping portion of its average cost curve. What does this imply about its production function at that quantity?

Suppose that the total benefit and total cost from a continuous activity are, respectively, given by the following equations: B(Q) = 50 + 18Q – 2Q^2 and C(Q) =40 + 6Q.

(i) What is the equation for the net benefits?

(ii) What is the equation for the marginal net benefits.

(iii) What level of Q maximizes net benefits?

When entry and exit behavior of firms in an industry does not affect a firm's cost structure,

a. the long-run market supply curve must be horizontal.

b. the long-run market supply curve must be upward-sloping.

c. the long-run market supply curve must be downward-sloping.

d. we do not have sufficient information to determine the shape of the long-run market supply curve.

The firm has the following marginal cost function: MC ( y ) = 3 +. 25 y what is the change in producer surplus when the price of y changes from $ 20 to $ 50. (Recall, the change in producer surplus is equal to the new producer surplus minus the old producer surplus).