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A seafood restaurant in a beach resort town has fixed (unavoidable) costs of $ 1,000 per month and variable (avoidable) costs of another $1,000 per month. Its total revenues over the six warm months amount to $17,000, so that its profit for this period is $5,000. Its total revenues over the other six cold months are only $7,000, however, so that it loses $5,000 over those months, and just breaks even over the year as whole. a Wouldn't the restaurant do better by staying closed out of season?
Suppose a firm's costs are C(q) = 100 + 10q - 6q2 + 3q3. At what cost will it shut down, given that all its fixed costs are sunk?
The existing equipment will be sold for $6,000. Illustrate what is the first cost that should be used.
Explain why only two of the three objectives can be achieved at any point in time also they want to fix the nominal exchange rate, in order to stabilize the price level.
Compare and contrast the Nielsen rating or a given episode on a TV series with the comments posted about the same show on TOP.
Suppose the demand for loanable funds was stable but the supply fluctuated from year to year. Elucidate what might cause these fluctuations in supply.
illustrate what would you estimate the difference between the inflation rates of the U.S. also Japan.
Explain how you were to learn that a bottle of Gatorade rise in size from 2009 to 2010, should that information affect your calculation of the inflation rate.
illustrate what cost-minimizing combination of K and L will the manufacturer employ for the output levels in part a.
Shift the curve in the subsequent graph to show the effects of such a training program.
Which resource of production is the only one which nations can significantly increase in the short term.
Consider we did technological change in the class where it does contribute to one side of the production use that to understand the problem.
Either design will serve equally well and will involve the same material and manufacturing costs excluding the lathe as well as drilling operations.
Write down the budget constraint of the representative consumer and Write down the maximization problem of the representative consumer and find labor supply
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