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A perfect competitive firm faces a market price of $10 for its output X. It owns two plants A and B, whose total costs are TCa=10+2X+.25X^2 and TCb=15+.4X+.1X^2. How many units should each plant produce to maximize profit at that price?
First, what does GDP measure? Even if we prefect the measure by correcting for price increase
Unemployment in the labor market is increased by forces that keep wages from falling to the equilibrium level. Other than efficiency wages, unionism, and minimum wages, what other factors might cause this wage stickiness?
What are Economies of Scale? Why is it Significant to understand this concept? How can one's knowledge of Economies of Scale contribute to decision making processes in organizations?
In the analyses below, when drawing your diagrams assume that students can choose among only two products on campus, namely tobacco and food.
ublic offering bonds 20% and interst 6%. tyberius investment 10% and interest 10%. sludge FM bank 20% and interest 12%. retained earning 15% and interest 10%. commen stock 25 and interest 15%.
What price and quantity will monopolist produce at if the marginal cost is constant $4.00? Compute the deadweight loss from having the monopolist produce, rather than the perfect competitor.
How would you know demand has increased? (What is the first piece of information which would lead you to conclude that demand has increased?)
Determine GDP,NDP,GNP,NNP,NI,PI,DI,S. Comment on savings magnitude that you have determined.
1. abdul was an actor and spends all of his disposable income on attending either plays or movies.nbsp he likes plays
For a typical competitive firm, the price in the long run equilibrium will tend to: be greater than average cost, be equal to average cost, be less than average cost, intermediate
give a specific example of such a regulation and discuss the extent to which you think it has been successful. What other approaches are available to reduce this particular type of market failure
At a management luncheon, two managers were overheard arguing about the following statement: "A manager should never hire another worker if the new person causes diminishing returns." Is this statment correct.
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