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Suppose a company increases production from a point where marginal cost equals average total cost to a point where marginal revenue and marginal cost are equal. Is it a good idea for the company to do this? why?
A firm has a long-run cost function C1(y) = y^3 - 10y^2 + 30y. 1) Derive the firm's long-run average cost function 2) Derive the firm's long-run marginal cost function 3) Find the level of production with the lowest average cost 4) What is..
Prepare a PowerPoint presentation on Indian economic conditions.
The following graph shows the supply curve for a group of sellers in the U.S. market for Blu-ray players (orange line). Each seller has only one Blu-ray player to sell. The market price of a Blu-ray player is shown by the black horizontal line at ..
The Internet boom of late 1990s was hailed as the four advent of a new economy: that would radically alter the face of business companies. By 2002, however, it was clear that new economy had not arrived on schedule.
Find out the equilibrium price, the equilibrium quantity, the output supplied by each firm and the profit of the firm in the short run.
As all points on a contract curve are efficient, they are all equally desirable from a social point of view.
If the former, when and where was the latest ministerial meeting. If the latter, Elucidate the main features of the agreement.
suppose that c a by where c consumption a consumption at zero income b slope and y income.a. are c and y
What groups in society would you expect to be the most enthusiastic about Adam Smith's ideas? Why? What groups might be expected to oppose them?
You decide to go tubing this weekend. It costs $50 for transportation, $50 for lodging, $40 for tubing lift tickets and you could have earned $200 as a waiter. What is the total cost of the tubing weekend?
Calculate the equilibrium price and quantity of milk and draw a diagram to illustrate your answer.
National Insurance deduction in October is 6¾% calculated on the total of monthly gross salary plus bonus. Income Tax deduction in October is £430. Calculate the manager's net salary for October.
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