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Bavarian Crystal Works designs moreover manufactures lead crystal wine decanters for export to international marketplaces. The production manager of Bavarian Crystal Works estimates total and marginal production costs to be TC = 10,000 + 40Q + 0.0025Q2 and MC = 40 + 0.005Q where costs are measured in U. S. dollars in addition to Q is the number of wine decanters produced annually. As Bavarian Crystal Works is only one for many crystal producers in the world market, it can wholesale as many of the decanters as it wishes for $50 apiece. Total and marginal revenue are
TR = 50Q and MR = 50 where revenues are measured in U. S. dollars as well as Q is yearly decanter manufacture.
A machine used to cereal boxes dispenses, on the average, ounces per box. What is the largest value.
If there were 2 million unemployed Thailand had a job-finding rate of 15% per month, how many people would lose jobs each month.
Under what situation would Gore be better off giving Bush a head start on putting mutually his presidential ticket.
Discuss the pros and cons of annuities when compared with other financial instruments and whether they provide a better investment opportunity for some people.
Each firm can monitor the other's price very closely and can respond instantly
How can two countries both be better off as a result of trade? How can tariffs protect U.S. jobs? Do tariffs lead to a net increase in jobs?
They value campaign funding in terms of dollars spent. Therefore, after spending ci on a campaign.
Can you find a Nash equilibrium in pure strategies that is not efficient. In some legislatures, proposals for modifications of the law are formulated by committees.
Has the United States become more or less economically free during the past decade? What impact will this have on the future economic growth of the United States.
Avoid having developed economies regress to a Smoot-Hawley type of isolationism or protectionism to avoid job losses in import-competing sectors.
Jane wants to buy a beautiful doll as a gift for her sister's birthday. What is the advantage to society to correct the externality?
Assume an endogenous growth model with labour augmenting technology.
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