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A firm makes and sells a computer for $1000. The variable cost to produce a computer, for the range of production of the firm, is $300 per unit. The total fixed costs per year to make the computer are $4.0 Million. How many computers should be made and sold, given this information, before the firm makes a profit? How many should be made and sold to earn a $1 million pre-tax profit?
in costa rica only a few beaches remain that are nesting grounds for sea turtles. some of those beaches have
TC=0.2Q^2-5Q+30(Q^2 means Q square) a) What is its corresponding marginal cost curve b) If the firm faces a price of $6 per unit, what quantity should it sell c) What profit does the firm make at this price d) Should the firm shut down
John has been in the habit of mowing Willa's lawn each week for $20. John"s opportunity cost is $15, and Willa would be wlling to pay $25 to have her lawn mowed.
1. What shape did the short-run aggregate supply curve have during the 1930s, according to Keynes? Explain
You can use monetary and fiscal policies to affect aggregate demand but you cannot affect aggregate supply in the short run. How would you respond to the following scenarios?1. A surprise increase in investment spending 2. Catastrophic floods that ..
Describe the effects of each of the following managerial decisions or economic influences on the value of the firm: 1. The firm is required to install new equipment to reduce air pollution.2. Through heavy expenditures on advertising, the firm's mark..
exercise 1 quantity quotaa new chemical cleaning solution is introduced to the market. initially demand is qd 1000
analyze the short run and long cost functions for the low-calorie microwaveable food company given the cost functions
Robo-mower will only cut grass within its programmed area and it will avoid flower beds, rocks, sidewalks, etc., while you sit in the hammock, enjoying the summer! An emergency "cut-off" switch brings it to a full stop in one-quarter of a second.
in many countries expeditors can help you cut through layers of bureaucracy so that you can get your business done or
suppose that the business is visible and important member of the community. would government encourage decision to
Suppose the market demand for burritos is given by Q d = 40 – 5P and the market supply for burritos is given by Qs = 10P – 20, where P = price (per burrito).
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