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The fixed cost of running a private practice is $36,000 per year. The variable cost of providing consultation services from this private practice increase by $30 per consultation for any level of production up to 3000 units. The average and marginal cost of production at output level 1,000 will be a) 66$ and $30 respectively b) 45$ and 36$ c) 36$ and 30$
Analyze these indicators and prepare a 3-4 page report elucidate the expected short-term impacts on firms in any one of the following five industries in terms of product sales.
Use the endogenous growth model to determine the effects of this on the paths of aggregate consumption and aggregate output overtime.
Critically analyze the pros and cons of putting a price ceiling on prescription medicine. Make sure to use concepts from both chapters seen this unit such as government intervention, inefficiencies, price elasticity, etc. in your answer. In the first..
Why are incomes so much more unequal within poor nations that within rich nations generally
q. fuji konica agfa and 3m. from a technical viewpoint there was little difference in the quality of colour film
Given this structure, why is it that there is little price competition between carriers on the same route Why is there not more price competition If they do not choose to compete on price in most cases, how do they compete with one another What..
Suppose that Ellen has $I to spend on goods x and y: The price of good x is px and the price of good y is p y: Write down Ellen's budget line and draw it. Indicate the slope, as well as the vertical and the horizontal intercept.
What is the equilibrium price of honey? How much profit does an individual producer make in a month?
If the perfectly competitive market demand for cholesterol-free cookies shifts from QD,93 = 1,150 - 5P to QD,94 = 1,640 - 5P, and the market supply is given by QS = -100 + 2P, then the change in equilibrium price will be?
Develop a brief presentation assessing the economic, legal, and political environments of your country, Briefly describe the country's history and its relevance to its current political, economic, and legal environment
write down ten results from the polls that indicate something interesting about the relative strength of the parties. Write a letter to a presidential candidate explaining what you would recommend based on this data.
Many professional sports athletes have incentive clauses in their contracts. These indicate tha: a) the team owner has asymmetric information b) the athlete might engage in moral hazard, which the team owner wishes to avoid. c)the athlete might engag..
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