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Suppose a firm’s short - run cost function is given by C(q) = 30q - 6q^2 + q^3 + F, where F is fixed cost.Questions:i) At what quantity of output does marginal cost attain its minimum value? ii) At what quantity does average variable cost equal marginal cost?
Compute the output and price of wood working if it is produced under competitive condition without regulation. Determine the socially efficient price and output of woodworking.
Prime Products manufactures specialized goods to customers' specifications and operates a job-order costing system.
Illustrate what is equilibrium level of Aggregate Expenditures in this economy. At equilibrium, illustrate what is level of Consumption in this economy.
Should Joe continue to search or buy a DVD player at a price of $200. Elucidate your answer and show your calculations.
Draw demand, marginal revenue and marginal cost curves for each market. Approximate profit maximizing prices and quantities graphically and/or determining solutions algebraically. Illustrate what are firm's total profits.
Explain by how much will aggregate demand at current prices shift initially (before multiplier effects) with a$70 billion increase in government purchases.
If one yr later the marketplace interest rate increases by 5% also they sell the bond, this rate of return on this investment is.
Define the equilibrium of a market. Describe the forces which move a marketplace toward its equilibrium.
A fairer distribution of rewards may generate a higher average productive effort on the part of the population in that way enhancing efficiency.
He also says he wouldn't mind moving if when he moved he got a raise of $B. What is the value of A and B.
Take a position on whether or not companies benefit from using a structured profit approach to calculate their profits. Provide an explanation of your position with at least two examples or scenarios of the use of such an approach.
Find total revenue for quantity equal to 10,000, 20,000, and so on. Illustrate what is the marginal revenue for each 10,000 increase in the quantity sold.
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