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At the end of the year, a firm produced 20,000 laptop computers. Its total costs were $7 million, and its fixed costs were $4 million?
What are the average variable costs of this firm?
Why can a monopoly make a positive economic profit even in the long-run? Why does a single-price monopoly produce a smaller output and charge more than the price that would prevail if the market were perfectly competitive? How does a monopoly transfe..
From Strategy A if the second firm reacts with strategy D. On the other hand, firm 1 may follow strategy B which could return profits of $8mil. Or $9mil. If firm 2 reacts with strategy C or D respectively.
Assume that a price-taking firm in the wheat industry has typical U-shaped SAC and AVC shortrun cost curves and an upward sloping SMC curve. Assume that the minimum SAC is $30 at 225 units of output, and assume that the minimum AVC is at $18 at 120 u..
What is the SAP (structural adjustment program) What are the IMF-imposed "conditionalities" Why did the IMF and World Bank imposed them upon Third Worldcountries during both their debt crises and financial crises
Given the products below and the events that affect them, indicate what happens to demand or supply, and the equilibrium price and quantity in a competitive market. Identify the determinant of demand or supply that causes the shift.
If public opinion surveys show that the majority of Americans regard inflation as a more serious threat than unemployment: Does this imply that the majority of Americans would rather be unemployed in a period of stable prices than employed in a time ..
q. budget constraint suppose that there exists two goods in the economy soybeans s and textiles t and their prices are
q.review the biographies of each of the seven members of the board of governors. what can you say about the composition
Describe the social and economic repercussion of the following inventions: the typewriter, the jet airplane, television, penicillin. Which do you think is greater in each case - the social or the economic impact?
The distribution of the weekly production is approximately normally distributed with a standard deviation of 60 units. If the bonus is paid on the upper 5 percent of production, the bonus will be paid on how many units or more.
What is the amount of five equal annual deposits that can provide five annual withdrawals, where a first withdrawal of $1500 is made at the end of year six and subsequent withdrawals increase at $100 over the previous year's, in the interest rate of ..
Show all formulas and steps using engineering economics. A company spends $1,000,000 on equipment with a 10 year service life to start a manufacturing facility. Determine the Taxable Income, Income Tax, and After Tax Cash Flows (ATCFs) for the life o..
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