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Karen runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently $1 per poster. She has fixed costs of $100. Her variable costs are $1,000 for the first thousand posters, $800 for the second thousand, and then $750 for each additional thousand posters. Instructions: Round your answers to 3 decimal places. a. What is her AFC per poster (not per thousand!) if she prints 1,000 posters? $. What if she prints 2,000 posters? $. What if she prints 10,000 posters? $. b. What is her ATC per poster if she prints 1,000? $. What if she prints 2,000? $. What if she prints 10,000? $.
Because their countries have similar institutions, the price paid for a computer in Germany and the United States are about the same when converted into the same currency.
Why is the judiciary regarded as the “least dangerous” branch of government? Citing examples of its powers and its place in history, do you agree or disagree with this assessment? Should nine unelected justices have the authority to nullify state an..
A business in a monopolistically competitive industry...
A manufacturing company is considering purchasing a 10 HP electric motor which it estimates will run an average of 6 hours per day for 250 days per year. Past experience indicates that: (1) its annual cost for taxes and insurance averages 2.5% of fir..
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Based on the possible beneficial externalities from college education dispute for whether or not a case exists for public funding of college education.
If the average adult produces $90,000 of output per year, how much output is lost as a result of adult deaths from secondhand smoke, according to the News on page 74?
Consider an environment where an agent could be either employed E or unemployed U. Let’s normalize E + U = 1, so that E and U is interpreted as the fraction of people employed and unemployed at any given point in time, respectively. What is the proba..
This question is related to this question about the Machina paradox and about the expected utility model. In this question, I'd like to know a little more about various or even competing ways of specifying utility and decision making. It'd be nice if..
Suppose you are given the following Total Product Function: ,where Q is total output or units produces; K, capital; L, labor; and M, materials.; that is, this is a input factor production function. Find the Marginal products of capital, labor, and ma..
Using economic analysis and the guiding principles of sustainability, between the farmer subsidy solution and the principles of sustainability solution, justify which solution is best? Why?
Currently, every book it sells is priced at $10.50. Show strategy to offer a discount that lowers the price of a book to $9.50, a 10% reduction in price using the midpoint formula.
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