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How will a tax of $5 per unit produced affect the short- and long-run marginal and average cost curves? What about an annual license fee of $500 per year regardless of production level? (Make sure you address all possible average costs—e.g., fixed, variable, total—depending on whether you are in the short or long run.)
DrexelBoard wants to start a hoverboard sharing service in Philadelphia (much like Zipcar, only with hoverboards instead of cars). There are two types of potential customers: Comparing these profits to those DrexelBoard earned from only serving the y..
Elucidate fully why the monopolist will never choose to operate where the demand curve is inelastic.
What would you learn about an economy if you determined that its GNP was growing more quickly than its GDP?
Economists believe that the current values of the deposit multiplier and the money multiplier are widely divergent. Why might these values differ at present? What (if anything) do you think must happen for them to converge once again?
Explain why are changes in inventories included as part of investment spending
At what value of X will Q be at its maximum. Illustrate at what value of X will Diminishing Returns set in.
The following figure shows the intersection of demand and supply at the price P2 and quantity Q2 in a competitive market. What is the producer surplus at the equilibrium level of output?
If the foreign country enters the market first, determine the equilibrium price and quantity. Will both countries produce. Show both average cost curves and the equilibrium.
where, q is the quantity demanded at price p when the person’s income is I. Assume initially that the person’s income is $40,000. Show work & calculations. At what price will demand fall to zero? If the market price for gizmos is $10, how many will b..
There is no uncertainty about the future. The consumer needs to save an amount this year that will allow her.
An apparel manufacturing plant has estimated the variable cost to be $4.50 per unit. Fixed costs are $500,000 per year. Forty percent of its business is with one preferred customer and the customer is charged at cost. If 150,000 total units are sold ..
Initial greeting of thanks to your supervisor for being collaborative and supportive. General overview of how the project is proceeding. Operational successes. Description of a new festival activity. Description of challenges and problems confronting..
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