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The cost function for a firm is given by TC = 6,000 + 12.5Q. The firm sells output in a perfectly competitive market and other firms in the industry sell at a price of P = 25 - 0.5Q. (i) What level of output should be produced to maximize profits?
insist that this represents a rightward shift of aggregate demand curve. Who is right. Explain.
Illustrate what is the minimum price neccessary for this firm to produce any output in the short run.
What will be the profit of each firm? How much did total production go down because of the collusion? How much did the price go up?
elucidate the social gain from the market for cars. Be sure to show gains and losses to all relevant groups of Americans.
The economy has recently turned around, and one of your colleagues suggests that you could hire 25 people for $50,000 per employee to do the sales job as independent agents at a cost of goods sold (COGS) of only 0.5%. What concerns might you have abo..
q1. what will happen to the demandsupply curve in case of outsourcing the cost of production decrease profit of the
q1. in the short run the interest rate parity model is considered to be important in determining the expectations about
Semiconductor chips are used to store information in electronic products, such as personal computers. One of the early leaders in the production of these chips was Texas Instruments (TI).
What happens to the population size in the long run? Does the Iron Law of Wages (where Malthus asserted that technological change would not improve human living standards) hold in this case? Why or why not?
Suppose you have $500 in savings when the price level index is at 100. (a) If inflation pushes the price level up by 10 percent, what will be the real value of your savings?
Illustrate what type of organization has a high fixed cost and low variable cost balance to run its operations. Discuss the balance of fixed and variable costs for the organization.
It is possible for a company with positive retained earnings to be unable to pay cash dividend since they may not have the cash supply.
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