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An industrial product may be manufactured using two methods of production. Using Method X, fixed costs are £2,300,000 per period and variable costs are £215 per unit of product. Using Method Y, fixed costs are £2,500,000 per period and variable costs are £190 per unit of product.
(a) Calculate the level of output for which the total cost of production using Method X is equal to the total cost of production using Method Y.
(b) Calculate the total cost of production per period for Method Y at this output.
Two firms compete in a market to sell a homogenous produce with inverse demand function P = 400 - 2Q. Each firm produces at a constant marginal cost of $50. Use this to compare the output and profits in settings characterized by Cournot, Stackelbe..
Determine which is true of leakages and injections in the circular flow, the consumer price index measures changes in
Assume that Jimmy Cash has $3,100 in his checking account at Folsom Bank and uses his checking account card to withdraw $310 of cash from the bank's ATM machine.
Suppose the effects of government policy, social diversity, and business ethics on recommendation.
The stronger the US dollar is relative to the rest of the world, all else constant, the larger the net exports in the US and Consumption is positively related to stock market wealth but negatively related to taxes and tax rates.
Find the equilibrium interest rare and what happens in the FED ( federal Reserve Bank) increases the money supply to $1,200
Compute the cross-price elasticity of demand between goods X and Y at the given prices.
as an employee of the world bank you have been asked to research 1 economic concern in a south american country and
The child of a customer, left in a running vehicle, manages to shift the car into forward and it plows through the front of your store, sending debris and stock flying, and causing an indeterminate amount of damage to your facility.
Why do business departments have more money than otherdepartments? What economic measures can be taken to relieve thedifferences in salaries?
Now determine equilibrium quantity and graph the two equations to substantiate your answers and label these two graphs as Dl and SI.
Huntington suggests that the emerging global economy will increasingly be faced with violent clashes between civilizations. Elucidate what Huntington means by the term civilization and why such clashes may be expected.
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