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If a soybean grower for who price exceeds average total cost for a wide range of output is currently producing where Average Total Cost is at a minimum.
What economic advice would you give to this farmer and why?
Choosing to treat price as its main decision variable, it writes profit as: ?= R- C = [P(8.5-.05P)] - [100+(38)(8.5 - .05P)] = -423 +10.4P - .05P^2. Derive an expression for M?=d?/dP. Then set M? = 0 to find the firm's optimal price
Assuming individuals hold no cash (all cash is in bank vaults as reserves), calculate the simple money supply from the following reserves requirements and deposits in the systems. 5 Points each, 30 points subtotal
Consumption of apples drops from 30 pounds of apples a month to 21 pounds of apples.
The number of repairs manufactured by a computer repair shop depends on the number of employees as given follows:
An individual has to choose between investment A and investment B. The individual estimates that income and probability of the income from each investment are given in the following table (a) Using Excel's statistical tools, calculate the standard..
Explain how many additional workers do you think will file umemployment claims in your state
Compute the changes in inflation rates, unemployment rates and the RGDP growth rates.
If twelve units of a good are sold when the price is $1 per unit, and eight units are sold at a value of $1.50 per unit,
The Portland Sea Dogs, AA affiliate of the Boston Red Sox major league baseball team, have enjoyed a surge in popularity.
Price ceiling sets a maximum not illegal value that a seller may charge, typically placed below equilibrium. What do you think of a government placing a price ceiling next time gasoline prices rise above $4.00 a gallon?
Assume your bank increase its minimum-balance requirement for free checking on checking accounts by $500. You take $500 out of your passbook savings account
A change in the money supply has no effect on the long run values of the interest rate or real output.
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