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Suppose that a manufacturing firm in New Jersey, we found that Average variable cost = $10
Fixed cost = $10, 000
If the firm's pricing strategy is to add a 25% m on cost, what price should ark up, what price should the company charge?
Assuming the same financial market transaction costs and risks, will funds tend to move toward the U.S. or Japan if the U.S. interest rate is 5%, the Japanese interest rate is 2%, and there is a forward discount on the dollar of 2%? How will this eff..
For at least 25 years following 1981, the Chinese government followed a policy that kept its currency weak and the U.S. dollar strong. Explain how this policy hurts Chinese consumers. Why does the Chinese government continue to support a strong dolla..
The slope of the SP curve is determined in large part by the
A decrease in demand for labor decreases the quantity of labor demanded at all price levels. Assuming the shift in demand is due to a slowing economy, what is the result?
If the gini coefficient falls from .40 to .20
Let G be the number of television broadcasts each day. Consider 3 individuals with preferences UA =G/4 UB =2–G^(3/4) UC =G–(G^2)/2 a) Show that the 3 consumers have single-peaked preferences
Suppose there are n number of identical firms in a market. Each firms cost function is given by C = 648 + 8q^2, where q is the amount that an individual firm produces. This means that an individual firm's marginal cost is given by MC = 16q. How much ..
For every firm in group B , long-run ATC curve is U-shaped and intersects the long-run MC curve when ATC = 10 and output is 6.
As a postgraduate student of economics I've been trying to expand my mathematical "toolset". While doing so I've talked to engineers, physicists and mathematicians, many of which have disdained the use of mathematics in economics. Their arguments var..
In the Elwyn Company, the relationship between output ( Q) and the number of hours of skilled labor ( S) and unskilled labor ( U) is. Elwyn's chief engineer recommends that the firm hire 400 hours of skilled labor and 100 hours of unskilled labor. Ev..
q1. law of diminishing marginal utility some restaurants offer all you can eat meals. explain how is this practice
Propose a numerical and graphical example of 2 agents w/ constant opportunity cost to demonstrate potential for gains from trade. be sure to explain the opportunity cost of the two goods for each agent, who has the absolute and comparative advantage ..
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