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Suppose fixed costs are $500, and the total costs of producing 100 units is $4000.
a. What are the variable costs of producing too units.
b. Write out the total cost equation assuming variable costs are linear.
c. What is the marginal cost of the 50th unit of output?
d. What is the average total cost of the 50th unit of output?
e. What is the average variable cost of the 50th unit of output?
The State of Glottamora has $100 million remaining in the budget for the current year. One alternative is to give Glottamora a one-time tax rebate. Alternatively, two proposals have been made for state expenditures of these funds.
Elasticity shows the responsiveness of supply or demand to changes in price. What are the factors exerting influence on price elasticities of supply and demand
The problem is relates to Economics and problem is a critical examination of the Canadian economy. Canadian economy has been facing budgetary imbalances for quite some time.
Assume that the working age population in Tiny Town is one hundred people. If 25 of these people are not in the labor force,
If preset prices turn out to be below the equilibrium prices, shortages occur and scalping in legal or illegal secondary markets arises. The prices in the secondary market then rise above the preset prices.
Estimating the demand for money and plotting a demand curve for that estimation based on the equation: M1=a+b1(interest)+b2(time). Where a is the intercept value for the demand curve
Compute the value of the price index for GDP for 2006 using 2005 as base year. By what percent did prices rise?
Consider barriers to injury in the context of organizational marketers who want to create a sustainable competitive advantage. How can marketers develop barriers to entry for commoditized products or services?
Discuss and explain the relationship between Japan and Korea's unemployment? What Trends do you see in the information set?
Spend 2 or 3 hours observing the organization in which you are employed. During the observation, identify internal and external interactions of the organization.
1. staple all pages of your homework together.2. type your homework.3. if you want the final exam grade to replace
What does it mean for a good to be elastic? How can you tell which goods are elastic?
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