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Suppose a ?rm’s cost function is given by C(Q) = Q^2 + 100 over the interval [0,10]. Sketch this function and then draw a secant line that connects the points 1 and 5.
(a) What is the range of this cost function?
(b) Using the equation for the average rate of change along a secant line, solve for the cost C’ that you get along the above secant line for Q=3.
(c) Is this function concave or convex? How do you know this?
Assume the marginal propensity to consume for U.S. households equals .9, and the marginal propensity to import for the united states equals .1. Suppose an increase in investment of $10 million occurs at each level of income. What does the value of th..
Jane wants to buy a beautiful doll as a gift for her sister's birthday. What is the advantage to society to correct the externality?
At prompting of United States, Japan relaxed restrictions and allowed companies to invest anywhere in world. What effect do you think this had on yen/dollar exchange rate and trade balance between two countries.
Describe the relation between marginal and average costs. Describe the relation between marginal and average fixed costs. Describe the relation between marginal and average variable costs.
Use an example of a foreign currency and discuss how it has changed in price relative to the U.S. dollar over the last year. Discuss how exchange rates affect domestic economic activity. Include the supply and demand factors that moved the relative p..
In Illustrate what way are entrepreneurs also businesses at the helm of the economy but commanded by consumers?
Write a two-page essay in which you address the issues outlined above. Format your essay in a Word document using Times New Roman 12-point, one-inch margins and double spacing.
Find the equilibrium values of the real interest rate, consumption, investment, and the price level.
q1. mckee corporation has annual fixed costs of 12m. its variable cost ration is .60.a. determine the companys break
A main conclusion from Walt Rostow's stage theory was that
McKee Corporation has annual fixed costs of $12 million. Its variable cost ratio is 0.60. Determine the company’s break-even dollar sales volume. Determine the dollar sales volume required to earn a target profit of $3 million.
What are the two kinds of stock corporations issue to finance their assets? List the main characteristics of each. (Common stock valuation, constant growth) You’ve discovered a company that is expected to pay $2.25 dividend at the end of this year. W..
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