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Assume a perfectly competitive firm is producing 300 units of output, P = $10, ATC of the 300th unit is $11, marginal cost of the 300th unit = $10, and AVC of the 300th unit = $9. Based on this information, the firm is:
incurring a loss of $300 and should shut down.
earning an economic profit of $300.
earning an economic profit of $600.
incurring a loss of $300, but should continue to operate in the short run.
If we expect the current poor weather conditions to lead to a reduction in the future supply of cotton them:
Find the equilibrium price and quantity with QD' =80-10P and QS=10P. Find the equilibrium price and quantity with QD=60-10P and QS'=20+10P
Despite the frequency and cost of data security breaches, why do you think some companies do not consider securing customer data as high a priority as other risks to their data systems operations?
GDP Calculations; Consumption $300 Imports $30, Government purchases 150 exports 80, GNP 700, Gross Private Dom. Invest 100, a. Using the data in the table above, GDP is equal to _______.
Explain how the following events affect output, capital and consumption per unit of labor in the long run and along the transition according to Solow's Model: The destruction of 30% of the capital stock because of a natural disaster. A permanent incr..
Persons or organizations that agree to provide some funds for a new business in exchange for ownership interest or stock are called
You work in a hospital where there is a patient that is 85 years old on a ventilator. A nurse sees from the patient's old records that the patient is a do not resuscitate (DNR), but the physician orders full treatment, including resuscitation. The nu..
I think most of us would agree that e-business is a necessary function in today's business environment. What are your thoughts on a company having a totally separate e-business function?
q1. consider an income guarantee program with an income guarantee of 6000 and a benefit reduction rate of 50. a person
Assume that a consumer can buy only two goods, A and B, and has an income of $100. The price of A is $10 and the price of B is $20. Illustrate what is the slope of the budget line if A is measured horizontally and B is measured vertically.
The generalized demand and supply functions for good X are Qxd = 100 – 2PX + 0.01M + 8 PY - 4Pz Qxs = 50 + 3PX – 6PI + PT Where Qxd = quantity demanded of good X Px = price of good X M = consumer income PY = price of good Y Pz= price of good Z Qxs = ..
1. To be able to complete budget reporting on time, how should accountants approach new project reporting in a manufacturing business?
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