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Analyze the two following situations for firms in competitive markets:
a. Suppose that TC=100 + 15q, where TC is total cost and q is quantity produce. What is the minimum price necessary for this firm to produce any output in the short run?
b. Suppose that MC=4q, where MC is marginal cost. The perfectly competitive firm maximizes profits by producing 10 units of out output. At what price does it sell these units?
It has been estimated that private prisons are about 10 percent cheaper, on a every prisoner basis, than public prisons.
When a construction possibilities frontier is bowed out, away from the origin the opportunity cost of a good.
Explicate why one of them brings positive effects to the economy also the other negative effects.
Explain four macroeconomics objective from conventional perspective
As manager of City Racquet Club, you must determine the best price to charge for locker rentals.
Explain whether or not you believe modern media is an effective check on government action.
Using a wholesale price of $4 per case in each state, calculate the breakeven output quantities for each alternative.
Elucidate how Elucidate how an increase in the marketplace demand elasticity affects the elasticity of the residual demand curve.
Pharmaceutical drugs have an inelastic demand, as well as computers have an elastic demand.
Find the net demand curve-facing industry A. Conclude A's optimal price also o/p. How much o/p do the other Industries provide in total.
Elucidate how does TARP illustrate the problem of moral hazard. Illustrate what did the Federal Reserve do during the financial crisis.
discuss whether you agree or disagree with Chairman Bernanke's remarks on economic outlook and the role of the Fed' s monetary policy effectiveness by using unconventional policy.
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