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A U-shaped average total cost curve implies what?:
- First, diminishing returns, and then, increasing returns.
-First, marginal cost less than average total cost, and then marginal cost greater than average total cost.
-That total costs are at a minimum at the minimum of the average cost curve.
-A linear total cost curve.
q. use the subsequent demand schedule to determine total also marginal revenues for each possible level of
You are being given data on supply also demand for the whole marketplace also are being asked illustrate what effect that has on you as a small part of that marketplace.
A firm purchased some equipment at a very favourable price of $30,000. The equipment resulted in an annual net saving of $1,000 per year during the 8 years it was used. At the end of 8 years, the equipment was sold for $40,000. Assuming interest at 8..
Calculate the expected utility of each project according to this criterion. (c) Is this individual risk adverse, risk neutral, or risk seeking?
Draw and explain a production possibilities frontier for an economy that produces milk and cookies. What happens to this frontier if disease kills half of the economys cow population.
Point out which costs in the preceding question are considered "relevant" and which are considered "irrelevant" to a business decision. Explain why.
What are some obstacles your firm might face with production in another country - What impact would that have on your firm?
Illustrate what financial market yield data can the Federal use to determine if longer term inflation expectations are well anchored
Compute the upper and lower limits within which marginal cost may vary without affecting the profit maximizing output or the price.
Illustrate what other additional information do you need, and how would you proceed if you had that information.
What are problems that monopolies can cause, and why is it difficult for the government to control and regulate monopolistic enterprises?
Assume that wages and prices are sticky and that we start at a long-run equilibrium. Assume that at this initial point, the growth rate of the money supply is 4%, the growth rate of the velocity of money is 9% and that the real economic growth rate i..
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