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Consider the following cost relationships for a single-product firm:C(q)= 50 + 0.5q for q<7C(q)= 7q for q> 7a. Derive average and marginal cost for all integer outputs less than or equal to 7.b. What are average and marginal cost for all outputs above 7?c. What can you conclude on the basis of the calculations above?d. Is there a minimum efficient scale of plant implied by these cost relationships? If so, what is it?e. Let P be industry price and Q be total industry output. If the industry demand curve is P = 84 - 0.5Q use the data from your above calculations to determine what is the maximum number of efficient-sized firms that the industry can sustain.f. How would your answer to e. change if industry demand were instead P = 14 - 0.5Q? Explain.
descibe the social, economic, and polical composition of the decade of corporate greed and how it affected the political climate of 1980
When making a budget for your change project, you need to consider direct costs and indirect costs. How do they differ? Can indirect costs be budgeted?
According to the majority opinion in the Lucas case, what two types of regulatory action automatically trigger compensation as takings, without a court needing to examine the circumstances in a case-specific way?
Some courts hold that an engagement ring is a conditional gift that becomes an absolute (effective) gift only on marriage.
Prepare a presentation on best members club
Within the Discussion Forum area, write up to 300–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use exam..
Debates the effectiveness of punishment compared to rehabilitation in relation to management of convicted offenders in prison and under community supervision.
It is not uncommon for someone who lives in a chigger-infested area to develop a form of immunity to his or her bites.
Sociologists use two levels of analysis. List them and discuss each one’s focus. Which theoretical perspective tends to use each level of analysis?
our paper should include a description of the chosen product, product line, or service and a rationale for choosing that product or service. Consider the ability of that product or service to compete in the markets.
According to Menand's The Meta-physical Club Story, ideas are tools, not inspirations. People devise ideas to cope with the world. They are born out of social interactions and depend on the environment, human carriers, and their own adaptability for ..
From split-brain research, what have we learned about stress management?
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