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Q1. Assume that with 400 patients per year, the SAFC (short-run average fixed costs), SATC (short-run total costs) and SMC(short-run marginal costs) of operating a physician clinic are $10, $35, and $30 per patient, respectively. Furthermore, Assume the physician decides to increase the annual patient load by one more patient. Using short-run cost theory, elucidate the impact of this additional patient on the SAVC and SATC. Do they increase or decrease? Why?
Q2. Explain how do acts of intellectual piracy hurt American companies?
To one side maximizing profits evaluate the factors which managers must consider when making judgment to outsource or integrate forwards/backwards considering which factor would be mainly significant for decision-making.
For each level of output except zero output, calculate the average variable cost, average total cost and average fixed cost.
Why would an ounce of gold be priced higher than an ounce of coffee beans though coffee is generally considered more essential than gold
Describe how each of these activities affects government households as well as businesses.
Compare the competitive price charged and quantity produced under perfect competition and monopoly. Other than identifying the presence of only one producer under monopoly, why do we tend to see this differential.
Illustrate fiscal policy action might increase investment and speed economic growth.
Why might the Homo sapiens production possibilities curve have shifted outward to the right much more rapidly than those of Neanderthals.
Describe the benefits and risks entailed with an experimental approach to regression analysis.
What are the advantages and disadvantages of regression models in comparison to using a computerized regression routine.
Assume that the industry wants to expand and has to make some long-term capital budgeting decisions. Now the industry is confronted with government regulations to oversee the merger.
Compute how this policy affects consumer surplus, and the cost of pollution. Would you recommend this policy.
An individual likes owning cars is better. In order to own a car, an individual must have a 1:4 ratio of frames to tires.
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