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A producer in a perfectly competitive industry has a cost function described by TC(q)=1000+6q+0.2q^2. If the market price is 40 and it has already committed to paying the fixed cost, what is the maximum profit for the producer?
Explain what are the factors you identified similar or dissimilar for the embezzlement and burglary plots.
Explain why this strategy may, in fact, be rational. Also, identify at least two other strategies that might permit Argyle to earn higher profits.
Explain the relationship between the MC curve and the AVC and ATC curves.
Illustrate hat are the positives and negatives of protectionist trade policies on the part of the federal government.
If a local movie theater sells tickets at different prices (senior citizens versus young people, matinee versus evening prices) is the local movie theater a monopoly? What about the concession stand inside the theater?
Event 1: The government passes a law allowing states to pay unlimited unemployment benefits to all unemployed workers for an unlimited amount of time. Event 2: The federal government increases the restrictions on the immigration of skilled workers
Differentiate between coaching and mentoring.
I am planning giving a patent for a new drug. The public demand is given through: P=120-10Q, where Q is quantity of the drug and P is price. If the marginal cost of production is given by MC = 2Q,
Illustrate what is the major pros of the real GDP measure. Construct a price index giving all products equal weight.
A lot containing 7 components is sampled by a quality inspector. The lot contains 4 good components and 3 defective components. Find the expected value of the number of good components in this sample.
Run the model by copying the formula in the t = 1 row all the way down to the t = 30 row. Complete the table. How long did the model actually take to converge to the steady-state unemployment rate
Briefly discuss how aggregate demand and aggregate supply may affect your job prospects after you leave college. In other words, do you think the aggregate demand (AD) in near future will increase?
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