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Suppose a representative firm in a perfectly competitive market has short-run total costs of TC = q2-50q+1000.
a. Find the representative firm’s short-run supply curve.
b. Find the market supply curve if there are 350 firms in the industry..
Health officials have suggested that the spread of AIDS can be partly contained if more males use condoms.
Suppose the required reserve ratio is 8% and that banks hold no excess reserves and the public does not change its currency holdings. If the Fed sells $5 million worth of securities, the amount of deposits in the banking system changes by $______ mil..
q.graphically prove or disprove the following statement. explain your reasoning. after last years strike baseball has
What is currency crisis (or financial crisis)? What are the major stages of a financial bubble? Use one example (Mexican peso crisis, Asian financial crises, Argentine financial crisis, or 2008 financial crisis) to illustrate these stages. Facing a f..
Explain in your own terms what is meant by a "Point of diminishing returns." Relate it to cost, effort, and return on investment.
Calculate the profit maximizing cost per unit if COST MART has an average wholesale cost of $350 as well as incurs marginal selling cost of $100 per unit
You were able to purchase two tickets to an up-coming concert for $100 apiece when the concert was first announced three months ago. Recently, you saw that StubHub was listing similar seats for $225 apiece. What does it cost you to attend the concert..
The production function for puffed rice is- Calculate the Q = 1000 isoquant for this production function and show it on a graph. If K = 10, how many workers are required to produce Q = 1,000? What is the average?
Illustrate what is the price elasticity of demand. What is the cross-price elasticity of demand. Suppose the price of the good, P, goes to $2.00.
Which would have the most significant effect on the U.S. economy as measured by changes in real GDP?
Suppose the value of technology adoption to a given user is log(n) where n is the total number of users who have already adopted the technology. Suppose the cost of technology adoption per user is c. Assume there are N users in the market.
Suppose the exchange rate between the U.S. dollar and the Swedish krona was 6.65 krona = $1.00, and the exchange rate between the dollar and the British pound was £1 = $1.67. What was the exchange rate between Swedish kronas and pounds?
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