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Q. (Qx) = 12,000 - 5,000Px + 5I + 500Pc where Px is cost charged for novels, I is income per capita and Pc is cost of books from competing publishers. Illustrate what effect a cost increase would have on total revenues. Evaluate how sale of novels would change during a period of rising incomes. Assess probable impact if competing publishers raise their costs.
Assume that initial values of Px, I and Pc are $5, $ 10,000 and $ 6, respectively
Illustrate what is the firm's average total cost of producing 100 units. Illustrate what is the firm's average total cost of producing 101 units.
Does the production technology exhibit increasing/decreasing/constant returns to scale.
If none of the high-cost firms makes a positive profit, how large is n. Elucidate how much profit do the low-cost firms make.
Illustrate what would production at a point outside the production possibilities curve indicate? What must occur before the economy can attain such a level of production.
Elucidate situations which use the IS-LM-FX model to illustrate the effects of the shock. For each case, state the effect of the shock on the following variables.
A also the new allocation B. Include indifference curves that is consistent with this trade being optimal for both Michael also Tony.
If the average worker produces $80,000 of GDP, explain by how much will GDP increase if there are 150 million labor-force participants and the unemployment rate drops from 5.2 to 4.5 percent.
Illustrate what role did the policies of various governments play in the influencing the international expansion strategies of both McDonald's and Wal-Mart.
compute the monthly rate of inventory growth in the global aluminum market using the given demand and supply equations for the world aluminum market.
Explain how can multiplier have a -ve effect. What is the relationship among the multiplier as well as the marginal propensities.
Explain why might it be appropriate for the government to allow a pharmaceutical company to have a monopoly in the production of a drug.
helping him to dig bait for fishing, and he also purchased five of John's mature banana trees for 30 clamshells each. What is the GDP of George and John's island in terms of clamshells
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