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Q1. Assume that with 400 patients per year, the SAFC (short-run average fixed costs), SATC (short-run total costs) and SMC(short-run marginal costs) of operating a physician clinic are $10, $35, and $30 per patient, respectively. Furthermore, Assume the physician decides to increase the annual patient load by one more patient. Using short-run cost theory, elucidate the impact of this additional patient on the SAVC and SATC. Do they increase or decrease? Why?
Q2. Explain how do acts of intellectual piracy hurt American companies?
Elucidate what other types of variables should be considered when determining what is reasonable in terms of maintenance expense.
The alternative is to tie bonus pay to some absolute measure of performance. Discuss the merits as well as drawbacks of each approach.
Compute the optimal pricing scheme of the iphone, Assume which there are equal numbers of every customer type.
Why do governments prefer to avoid excessive current account surpluses? Or, why are growing domestic claims to foreign wealth ever a problem?
How much would Wyandotte have to reduce the price of polyol to achieve a 15 percent increase in the quantity sold?
two accompanying show supply an demand curves for two substitute commodities: regular cell phone and smartphones. A. Show what happens when rising raw material prices make it costlier to produce regular cell phones
Labor Supply. Catholic priests take a vow of chastity, forgoing marriage and intimate non-marital relationships. This question relates to the article posted on Angel
Some of the largest import tariffs tax on imported goods is on shoes. Strangely, the cheaper the shoes, the higher the tariff.
What is their goal, and illustrate what decision criteria do they use in trying to reach that goal.
What is the 99% confidence interval for the difference between the two school's scores. (For consistency, let the difference d=A-B.) b. Suppose we want to perform a two-tailed test where H0 is that ?d=0. What is (approximately) the p-value of the ..
it is estimated that the price elasticity of demand is -3.0. Is the firm charging the optimal price for the product. Demonstrate how you know.
Does the company behave like a monopoly or more like a competitive firm? Has the monopoly been cited for monopoly behavior?
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