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Q. Q1. Explain how do I calculate the midpoints and marginal costs of 1 thing in terms of the other and the other thing in terms of the 1 thing? On excel? And Explain how do i estimate the marginal cost at a point?
Q2. Suppose a firm has a constant marginal cost of $10. The current price of the product is $25, and at that price, it is estimated that the price elasticity of demand is -3.0.
a. For the product is charging the most favorable price? Express how you know.
b. Should the price be changed, if so, Explain how?
Would a typical hedger be willing to pay a risk premium in order to hedge by buying foreign currency forward.
The effectiveness of different kinds of incentive systems: moral, material, and coercive.
Analyze the USA financial meltdown that happened in 2008-2009. This crisis was partially caused by the reward systems that were in place for participants in the financial system. Identify the major participants in the financial system.
Why is efficiency lost at the boundaries as when substantially more of one good and very little of another is produced.
How can the issue, perspective, concept or model enhance and enrich understanding of International Economics.
Expecting that wool prices would remain high, wool producers raised a lot more sheep.
Mustard and mayonnaise are substitutes. Mustard and relish are complements. Mustard is a normal good. During the summer, about 50% of all mustard was recalled by manufacturers and removed from store shelves.
Evaluate Rusal's prediction by using the demand and supply equations to make a prediction about the movement of world aluminum price.
Consider an economy where there are N consumers, each of them having one unit of available time.
Suppose you consume nothing but goods X and Y. We have two years.
If most businesses in an industry are earning a 13 percent rate of return on their assets, but your firm is earning 23 percent what is your rate of economic profit
If a sample of 110 artists was taken, find the average value above which only 15% would lie. Give your answer in dollars to the nearest dollar.
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