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At its current short-run level of production, a firm's average variable cost equal $15 per unit, and its average fixed costs qual $30 per unit. its total cost at this production level equal $900.
What is the firm's current output level?____units.
What are its total variable costs at this output level? $_____
What are its total fixed costs? $_____
suppose that Abel builds a factory next to Baker´s farm, and air pollution from the factory harms Baker´s crops. Is Baker´s property right to the land being violated Is an externality present What if the pollution invades Baker´s home and harms he..
Southwest Airlines is adding $100 million a year in new fees. Under new rules customers only get a partial refund for missed flights, prices are being raised for a third checked bag and for early boarding slots. The airline wants to increase rev..
If a poor country invented a brand new product and marketed and exported to other poor countries. What learned theories of international trade does this occurrence contradict
what are the economic rationales for different types of government intervention in health care? explain the rationale
Describe the effect of increase from 1998-1999. How would the increase in demand affect the price? How would the price effect depend upon the price elasticity of supply? Please describe how. (Explain the illustration instead of actually drawing it)
"Assume a perfectly competitive market is initially in long-run equilibrium. In the short run, a decrease in raw materials prices will cause the firm's average costs to ________. As a result, the profits of existing firms will ________.
Suppose you are studying the market for shoes. Two events take place simultaneously. First, price of leather decreases, and second, consumers' income increases. What will happen to the equilibrium price and equilibrium quantity of shoes
A manufacturer determines that the supply function for x units of a particular commodity is S(x)=In (x+2) and the corresponding demand function is D(x)=10+In(x-1).Find the demand price when the level of production is x=10units
What is the government expenditure on this subsidy?What is the deadweight loss as a result of this subsidy?
A new punching machine will cost $3,692. At the end of its 10 years useful life, the machine can be sold for $751. The new machine will reduce annual expenses by $537. The interest rate is 10%.
assume that you have been appointed as the speaker of the house. you must deliver a speech about the current state of
management has recognized the effect of changes in the real-world competitive environment and government policies on
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