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Use the table below to answer the following question:
A B C D E F
cups 0 100 200 300 400 500
plates 420 400 360 300 200 0
a) if they currently at point B, what is the opportunity cost of 100 additional cups?
b) if they currently at point D, what is the opportunity cost of 100 additional cups?
Suppose instead that the station seeks to maximize its profit from sales of the DVDs. Illustrate what price should it charge. How many DVDs should it order from which supplier.
The UWM Bookstore orders coffee mugs out of a catalog from a supplier. The demand for these coffee mugs is 1,849 per year. There is a $45 charge for placing an order and the cost per coffee mug to hold it in inventory for the year is $2.50. What is t..
A cost-effective policy is always socially efficient. Enforcement costs are critical to the success of environmental program and should be included in the overall social costs of the program when evaluating different policy options
q. suppose that at the equilibrium price and quantity the marginal revenue is -15 and the price elasticity of demand
Illustrate what are the State's doing that is consistent with the constitution.
Illustrate what should the Fed do if it wants to stabilize aggregate demand.
Explain where is the economy operating relative to its potential GDP
The FOMC wants to expand the money supply by $120 million and decides to buy bonds on the open market. Suppose the reserve requirement is 40% and banks do not hold any excess reserves.
You are the manager of a hamburger joint with a marginal cost of $6.00 per hamburger. The hamburger joint is a local monopoly near campus. During the day, only students eat at the joint while in the evening only the faculty members eat there. If stud..
At a product price of $52, will this firm produce in the short run. Illustrate what will profit or loss be. Complete the following short-run supply schedule for this firm.
Suppose the current money supply is $10,000. The required reserve ratio is 0.5. The Fed wants to increase the money supply by $1,000.
determine the amount at time 0(now) equivalent to the cost of owning and operating the machine for the next five year period. It is anticipated that the machine can be sold for $1000 at the end of the five year period. Use an interest rate of 10%.
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