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Severin, the herbalist, is famous for his hepatica. His total cost function is c(y) = y^2+10 for y>0 and c(0)=0. (That is, his cost of producing zero units of output is zero.)
a) What is his marginal cost function? What is his average cost function?
b) At what quantity is his marginal cost equal to his average cost? At what quantity is his average cost minimized?
c) In a competitive market, what is the lowest price at which he will supply a positive quantity in long-run equilibrium? How much would he supply at that price?
The Wall Street Journal reported that recent law school graduates were having a very difficult time getting jobs in the legal profession. Many law schools said that ten to 20% of their graduates still had not found jobs.
what do you think must be 3 major macroeconomic goals of the economy? what policy mix assists government attain these
between 1720 and 1750 the colony of massachusetts had an average rate of inflation of 5 per year. over the same period
capitation payers and provider behavior please respond to the followingsuggest at least one 1 method by which
Summarize the firm's history, its recent and current operating results, and the economic, social, and political forces that affect it most and present a brief SWOT analysis.
some of the industries that oppose the implementation of green engineering claim that practicing green engineering
What describes the competitive environment in the market for any good or service?
we have established a relationship between net capital outflow nco and the trade balance net exports. during this
Under current law, most Social Security recipients do not pay federal or state income taxes on their Social Security benefits. Suppose the government proposes to tax these benefits at the same rate as other types of income.
When looking at regression results, how do you know which of the estimated regression slope coefficients are STATISTICALLY SIGNIFICANT. How do you know if the independent variables explain a large fraction of the variance when looking at regression ..
Discuss why is it difficult to estimate who is and who is not in the labor force? What consequence does this have, if any, for the labor market indicator?
Within your supplemental readings for this semester, there are several discussions of the Keynesian multiplier. In the minds of the critics that you read, which is not a deficiency of the multiplier concept
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