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Q1. A firm in a purely competitive industry is currently producing 1000 units every day at a total of $450. If the firm produced 800 units every day, its total cost would be $300; also if it produced 500 units every day, its total cost would be $275. Illustrate what are the firm's ATC every unit at these three levels of production?
Q2. After wearing seat belts became malsoatory, drivers reacted by driving faster also less carefully. This is consistent with Illustrate what Principle of Economics?
Why might the U.S. have a comparative advantage in bioinformatics but not in manufacturing and steel making.
q1. explain how is the transfer cost s of an intermediate product find out d whena there is no exterior market for
Explain how foreign exchange rates are determined. How do changes in interest rates, inflation, productivity, and income affect exchange rates
What is the difference between a movement along and shift of the demand curve? Show the impact on the equilibrium price and quantity that results from; (1) an increase in demand, (2) an increase in supply, (3) an increase in both supply and demand.
Show what happens to one or both curves for the given scenarios. If the scenario does not change either curve, leave them in their original positions.
Find the equilibrium interest rate c. Now suppose that G rises to 1,250. Compute private saving, public saving, and national saving. d. Find the new equilibrium interest rate.
Elucidate how a 20% decline in the cost of business travel would impact this company's budget if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour.
Explain what happens in these two markets as the number of sellers drops to only one seller. explain how part, illustrates to the first experimental principle
Calculate the elasticity for each variable at that point and briefly comment on what information this gives you for each variable. Should this firm be concerned if macroeconomic forecasters predict a recession? Explain your answer.
How much Wyandotte have to decrease the price of polyol to attain a 15% increase in the quantity sold.
Calculate and describe the Nash equilibrium (quantities, price and profits) in the game in which both firms choose their quantities simultaneously.
There was not a needy person among them, for as many as owned lands or houses sold them and brought the proceeds of what was sold. They laid it at the apostles’ feet, and it was distributed to each as any had need
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