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In your city, there are currently three firms providing oil changes. For each firm, there is a fixed cost of $100 per day and a marginal cost of $12 per oil change. Each firm currently maximizes its profit by providing 15 oil changes per day. a. For each firm, marginal revenue equals $ . (Enter your response rounded to the nearest dollar.)
Expectation the industry has for you is that you will research also write down relevant economic white papers for the pre-orientation of future deployed employees.
Using the given functions, draw a corresponding demand curve and a supply curve. Properly label the equilibrium price and quantity.
What weapons are most often used in the commission of crime? How many abortions occur each year? Do race, age, and income influence the likelihood of having an abortion?
Assume an avatarian with no training can catch 1 turkey per month. How many turkeys per month can an avatarian with 5 years of training catch? With 8 years of training? With 10 years of training? With 15 years of training? (b) Assume there are 100..
Has the time come for government to abolish rent controls and minimum wage? What do you think? Do both rent controls & minimum wage laws achieve their intended purposes?
There are many aspects to this question ranging from additional needed information to supply, demand, cost, and pricing. You may address one or more aspects as desired.
Write on ONE of the following topics. Write in your own words, based on some reading in the text book chapters, on Wikipedia, or from online articles. Write between 300-to-500 words.
an angel investor is considering investing in one of two start-up businesses and is evaluating the expected returns
Show the effect of moving to a consumption tax on the loan able funds market if people react favourably to the incentive to save. Choose which curve or curves you believe are affected.
Suppose Congress, influenced by studies linking cigarette smoking to cancer, plans to raise the excise tax on cigarettes so the price rises by 10%. Estimate the effect the price increase will have on cigarette consumption and consumer spending on..
Based on the news clip, what might be the main source of increased unemployment? Based on the news clip, what might be the main type of increased unemployment?
Would interestexist in a pure exchange economy where no production occurred? Explain. Briefly contrast the static and dynamic views of monopoly and the policies appropriatefor each.
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