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A firm’s Total Cost as a function of output Quantity is described by TC(Q) = 2Q3-8Q2 + 12Q + 4.
Use (or review) your knowledge of cost curves, and use derivatives as necessary, to find the following:
A) What is the firm’s Fixed Cost? (exactly)
B) At what Quantity is Average Variable Cost = Marginal Cost? (exactly)
C) What is Average Total Cost at Q = 16? (exactly)
Using a required reserve ratio of 10% and assuming that banks keep no excess reserves, what is the value of government securities the Fed must purchase if it wants to increase the money supply by $2 million?
Which of the following shifts the supply curve of rutabagas rightward? (A rutabaga is a potato-like vegetable.)
A trucking company computes depreciation on its vehicles by a mileage basis. Suppose a delivery truck has a cost of $20,000, a salvage value of $2,000, and an estimated useful life of 200,000 miles. Determine the depreciation rate per mile.
Aerospace contractor have four employees whose combine salaries through the end of this year are$250000. if the contractor expects to give an average raise of 5% each year, calculate the present worth of the employees' salaries over the next 5 years...
In your textbook, there are three methods described that most Americans use to evaluate political developments such as ObamaCare. Using those three methods, describe how someone could come to the conclusion that he or she is against ObamaCare.
Which of the following is a conclusion of using the generational accounting measure?
Explain in detail why it is important that prices are flexible in our economy? What are the implications if the government started to control prices for products, how would this influence buying?
An economy produces 2 goods soda a beer. Fully explain why the marginal cost function in the beer industry derives from the marginal benefits of the soda that is given up when beer is produced.
Explain how will the increase in unemployment benefits affect output and the price level in the short run and in the medium run.
What are the implications for international business of differences in the dominant religion, social structure, and educational systems of a country? How do religion, social structure, and education combine to form a system that defines the culture o..
Does this critical path make sense. Do your predecessors make sense. How accurate are your durations? What could be done to improve accuracy of your durations.
The City Council in Bigtown is considering removing the monopoly rights of Bigtown Cable TV, Inc. Bigtown Cable is arguing that the competition in the cable TV market will be chaotic and result in a loss of jobs. As the staff economist for the City C..
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