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Consider a perfectly competitive, profit-max firm that sells its output for $10 each and produces and sells 925 units. Its total variable costs are $4000 and its total fixed costs are $3600. Calculate its accounting profit.
q1. a fenway park home of the boston red sox seating is limited to 39.000. hence the number of tickets issued is fixed
The manager of Big Oil Company in Mandeville tells investors that at the end of 2006 they had gasoline in inventory worth $378. In 2007, Big Oil produced gasoline worth $294 and sold gasoline worth $384. What was Big Oil's inventory in 2007?
The U.S. government pays an economist at the U.S. Department of Commerce $50,000 in salary in 2006. The economist then retires. In 2007, the government pays him $30,000 in retirement benefits. The 2006 payment is included in 2006 GDP as government pu..
Explain why a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system.
After America's latest mortgage meltdown, what checks and balances are required at the 1) Consumer Level 2) Mortgage provider level 3) Government level?
Assume that a nation faces a BOP deficit with high unemployment what exchange-rate adjustment can be made to resolve these problems? What if the nation experiences a BOP surplus with inflation?
Is the student necessarily better or worse off than before from such a transfer implied by consultant A.
It is important for companies to differentiate their services or products in the market place. This differentiation sometimes leads to building a core competency. which we will explore in the following individual assignment.
The broader measure M2, however, since it encompasses most significant forms of money individuals may hold, resolves the problem. The shifts in asset holdings take place WITHIN the broader measure. That doesn't make it impervious to distortion, but M..
"The law of diminishing marginal utility states that as an individual increases consumption of a given product within a set period of time, the utility gained from consumption eventually declines” Examine whether the statement above is TRUE or FALSE...
United States Postal Service has successfully leveraged its monopoly power through
What is the demand for central bank money? Find the equilibrium interest rate by setting the demand for central bank money equal to the supply of central bank money. What is the overall supply of money? Is it equal to the overall demand for money at ..
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