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The schedule below shows the level of output that can be produced using different levels of input. A unit of input costs $80 and the fixed costs of running your business are $50. Input Output 0 0 1 2 2 6 3 9 4 11 5 12 1. What is your AVC of producing 11 units of output? __________ 2. What is your AFC of producing 12 units? __________ 3. What is the marginal cost of the 12th unit? __________ 4. What is the marginal cost of your 9th unit? __________ 5. At what level of output is ATC at its minimum?
Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.
How many economic activities can be seen in this particular market? Which specific goods/services are related with these economic activities?
Elucidate foreign demand for dollars as well as the international value of the dollar.
where L1 is the number of workers employed in Sector 1 and L2 is the number of workers employed in Sector 2. The total number of workers in the economy is 1,000. The only difference between the sectors is that in Sector 1 workers are paid their ma..
A contractor submits a bid on a project, for which more research and development work needs to be done. It is estimated that the total cost of satisfying the project specifications will be $20 million, plus the cost of the further research and dev..
What takes place to the equilibrium price and quantity of ice cream in response to each of the following? Describe your answers.
It offers all the amenities and benefits of a tight-knit small community, with the benefits of living close to the big city. Some years pass, and several children and adults in the community start developing extensive and similar illnesses.
For a perfectly competitive firm the price is $2 per unit. At this price the firm is producing and selling 10,000 units. It costs $1.50 to produce the last unit. Should the firm produce more? Less? Why?
What feature in this example leads to the result that you don't need to know the amount of taxes collected by the government to find the equilibrium?
Discuss the advantages and disadvantages of free international trade and Keynesian giving emphasis in the demand-side of the economy and Explain why under fixed exchange rates the monetary policy is not effective.
An University President wants to reduce expenditures on fringe benefits
Elucidate how globalization affects the gross domestic product (GDP). Explain your thoughts on globalization in your own words.
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