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Cost Analysis : key informaiton
For the cost function C(Q) = 2000 + 15Q + 5Q2 + 4Q3, what is the marginal cost of producing the fifth unit of output?
A) $2,000.B) $256.C) $340.D) $365.
Suppose total benefits and total costs are given by B(Y) = 50Y - 4Y2 and C(Y) = 6Y2. What level of Y will yield the maximum net benefits?
A) 2.5B) 5.0C) 50/18D) 50/8
Assume that Congress is considering imposing the 30% tariff on imported automobiles. Who would be the gainers and who would be the losers from such move?
The demand curve faced by a industry in a monopolistically competitive industry which is more elastic than the perfectly competitive firm's demand curve.
From this information, can you devise a general rule explaining how the Herfindahl-Hirschman index is affected when exactly two firms in the market merge? (Hint: compare a2 + b2 with (a + b) 2)
Explain what accounts for the Hong Kong Monetary Authority behaving differently than the other central banks in emerging Asia.
There are many factors might change AD and AS, and equilibrium. Please evaluate the effect of following scenario on the AD curve, AS curve, and accordingly the effect on equilibrium price level and equilibrium GDP/output.
Cindy gains utility from consumption and leisure. The most leisure she can consume in a week is 168 hours.
CEO pay appears to be on the rise again. Also executive pay in the US is about 20 times higher than it is in European countries.
The president of a small industry has been complaining to his controller about rising labor and material costs.
What is Nash Equilibrium output for his supposing that the two firms choose their production quantities simultaneously?
Do you think that the World Bank is orientating its action in a right way or not and if not, any ideas of how to redefine its action.
Find out the range of outputs over which the firm's technology exhibits Increasing, Decreasing or Constant Returns to Scale.
The price per unit remains $7.50 in both scenarios. Does the labour analyst's argument hold? Explain why or why not, and use data to prove your point. (Hint: calculate total costs in both circumstances).
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