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The fixed cost of running a private practice is $36,000 per year. The variable cost of providing consultation services from this private practice increase by $30 per consultation for any level of production up to 3000 units. The average and marginal cost of production at output level 1,000 will be a) 66$ and $30 respectively b) 45$ and 36$ c) 36$ and 30$
For each level of output except zero output, calculate the average variable cost, average total cost and average fixed cost.
Imagine a simple economy of Fredonia that uses gold as its currency (only gold, not gold backed paper). Suppose that Fredonia finds itself deeply in debt and that its creditors who all live in the country of Sylvania demand the repayment of debt in g..
Why is it important that speeches be organized clearly and coherently? How does the oral format of your message impact audience understanding?
Which of the following recieves government subsidies that are in place to protect the population rather than the economic reason.
Based on costs and revenues above, which should you do. Elucidate and show any relevant calculations.
Elucidate what set of prices for apples and bananas, respectively, would be consistent with consumer equilibrium.
If economy is operating at full employment and exchange rate increases explain why Federal Reserve will be less inclined to raise interest rate.
Give an example of an event or incident that has taken place in the U.S. economy which has a major economic impact--be specific, e.g., 9/11 attack,
Compare the effects of an aggregate-demand-induced recession with an aggregate-supply-induced recession.
Discuss the ethical issues relating to corporate spending, both in for-profit and not-for-profit.
q1. unique creations hold a monopoly position in the production as well as sales of magno-meters. cost function facing
Elucidate how many workers the firm should hire for different values of the wage rate in order to maximize profit.
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