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In calculating the incremental cost of a particular project, how would you treat the possible future costs of a lawsuit that may occur as a result of this project, where the cost of the lawsuit might range from $10,000 to $500,000 with an associated probability distribution?
Elucidate which firm's product provides the greatest value-created.
B involves the polluters in each region independently negotiating pollution deductions, assuming the other region is not undertaking pollution reduction.
Which fiscal balance is likely to be influenced and Explain how by treating human capital investments the same as physical capital investments.
What plant size will the firm choose in producing. Draw the firm's long-run average-cost curve on the diagram and define this curve.
Illustrate what is micelles opportunity cost of producing potatoes and or chickens if she were to produce 200 pounds of potatoes per year and 50 chickens per year.
At what level of output will this firm maximize profit. Elucidate what is the level of profit for every unit of output produced at equilibrium.
If the above monopolist were to behave like a perfectly competitive firm (operating in the long run), determine its output. Illustrate what is the firm's Total Revenue.
price is greater than marginal cost and average total cost is not at a minimum. How would it be possible to ‘eliminate' this waste. What would we have to give up.
Now Assume the theater increases the number of its ads to 250. Should the theater increase its cost following this ad campaign.
changes would most likely bring economy to a full employment level of national output. What is income multiplier.
What is the equilibrium Price and Quantity in the market? Now suppose the government imposes a special tax on these computers. Describe what would happen in this market in terms of the supply and demand curve.
Illustrate what price-quantity combination maximizes your firm's profits. Compute the maximum profits.
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