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Q. at its current level of production a profits-maximizing firm in a competitive market receives 12.50 for each unit it produces and faces an average total cost of $10.at market price of $12.50 per unit, firms marginal cost curve crosses marginal revenue curve at an output level of 1,000 unit. What is firms current profit? What is likely to occur in this market and why?
After reviewing efforts to reduce the Deficit, discuss the actions in use by Congress since 1985 to reduce the budget deficits.
Howard Bowen is a large-scale cotton grower. The land as well as machinery he owns has a current market value of $4 million.
Compute the opportunity costs of going to each concert. Based on the Cost-Benefit Principle, which concert is the best choice.
Describe why it is often asserted that that exporters suffer when their home currencies appreciate in real terms against foreign currencies and prosper when their home currencies depreciate in real terms.
The average physical product of labor is 25, the last worker added 10 units to total output, and total fixed cost is $5,000. How much output is being produced
Elucidate what the Justice Department argued that the merger would lessen competition and raise prices of business software. Is there an economic argument that the merger might actually result in lower prices.
What is wrong with claiming that changes in the distribution of income are associated with trade instead of the technological changes that the article discusses.
Estimate each of these alternatives from the perspective of economic efficiency, equity, and the likely long-term impact on the firm.
Overhead at the water cooler the demand also cost estimate which were provided at the meeting are very useful.
Assume you are part of a research team evaluating a proposal to clean up a hazardous waste site.
There has been much political discussion about redistributing income. These ideas are not new. Name and elucidate the three political philosophies of redistributing income. Do you believe any of them have merit.
What can be accomplished about the impact of transportation costs on the price of the traded product in each trading nation.
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