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Question: A producer in a perfectly competitive industry has a cost function described by TC(q)=16,000+6q+0.1q^2. If the market price is 90 and it has already committed to paying the fixed cost, what is the maximum profit for the producer?
Describe the current problem that the annual budget deficit presents to the US. Indicate what the impact of not solving the issue will cause.
Identify fundamental lessons Ten Principles of Economics teaches regarding: How people make decisions, How people interact and How the economy works as a whole?
Ethical Dilemma: How would you describe Wal Mart's impact on local economies and communities, and how far should "corporate social responsibility apply?
What is the equilibrium levels of real output - What is the equilibrium real interest rate
Fiscal policies such as the recent pay-roll tax cut, may result in all of the following, except
From 1947 to 1973, the US economy went through five recessions, while Europe and Japan did not have any. Since 1982, however, cyclical downturns in Europe.
Show the market for cigarettes in equilibrium, assuming that there are no laws banning smoking in public. Label the equilibrium private market price.
Calculate the sectoral gross outputs if the new vector of final demand, as row vector, for year 1948 is given asFDt = f42100 68500 1567001
Antitrust Inquiry Launched into Intel Intel, the world's largest chipmaker, holds 80 percent of the microprocessor market. Advanced Micro Devices complains.
Suppose that the interest rate is 18 % per year, compounded annually. What is the minimum amount of money that would have to be invested for a two-year period in order to earn $1300 in interest?
Suppose that the price of apples rises. Using the same language as in parts a and b, would you describe this as a strengthening of the dollar or a weakening.
Analyze What's interesting or helpful about this view? What would I notice if I believed view? In what sense or under what conditions might this idea be true?
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