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Question: Answer all questions.
1. A Defense manufacturing has a fixed cost of $45,000 and variable cost of $1,000 per unit produced. The company has to pay a Carbon tax of 15,000+ 30NA1.5. The sales price per component sold is 2000-3.5 N. N
a. Find Break Even Points (BEP)
b. Maximum Profit Point and Maximum Profit
c. Maximum sales realization point and maximum total return.
d. Calculate maximum unit profit.
e. Calculate minimum average unit cost is # (f items sold.
Explain in detail. Who are the past and present charimen. Why was the current chairman in the news recently and what did he propose?
If you could spend the next hour studying economics or working at your part-time job, which pays $11 an hour, what is your personal opportunity cost
1. in the article below michigan is offering financial incentives to improve health. using economic models demonstrate
Presume a Zombie Apocalypse will occur. Describe how it will affect one of the major economic variables (consumption, investment, government expenditures, imports and exports, capital, profits, labor force, banking, money...)
Many states tax cigarette purchases. Suppose that smokers are unhappy about paying the extra charge for their cigarettes.
Demand is given by Qd = 620 - 10xP and supply is given by Qs = 100 + 3xP. What is the price and quantity when the market is in equilibrium?
Prepare a graph which illustrates the desired effect of the marketing campaign as a shift in market equilibrium with reference to price and quantity adjustments.
A fashion firm manufactures outfits using two inputs, design skills (L) and expensive materials (M). The cost of fabrication is small and might be ignored as a first approximation.
You have just learned that one of the bottles (Wine A) that you purchased five years ago has appreciated considerably. A friend has offered to buy the bottle.
During past recessions, housing prices generally rose much less than usual, and fell in real terms. Yet in the 2001 recession, housing prices rose much more.
Explain which curve shifted and which shifter was affected. (If you think both curves shift, for simplicity, just choose one of the curve shifts to analyze.). Discuss how equilibrium prices and quantities changed.
Suppose that country I increases its willingness to trade at the same time that trading partner country II decreases its willingness to trade.
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