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Ace manufacturing produces 1000 hammers per day the total fixed cost for the plant is 5000 per day and the total variable cost is 15000 per day calculate the average fixed cost average variable cost and the total cost at the current output level.
when a cold snap hits florida, the price of orange juice rises in the supermarkets throughout the country. Illustrate the supply and demand table for this scenario.
what is the wage, quantity hired, wage plus employer taxes and wage minus employee taxes if employees pay a $6 tax?
Do you agree/disagree with the following statement: If the government increases the excise tax on bikes, the prices of bikes will rise? However, this will then cause the demand to decrease and as a result prices will fall back to their original level..
Assume the longer the search goes, the lower price the consumer would pay for the good. Furthermore, assume there are diminishing returns to the search since it is harder to find even lower prices as the search continues; that is: p?(t) > 0. Without ..
Suppose that demand for a public park for two groups of consumers (A and B) are given by:
Illustrate what steps would your group have to take to drive our country out of this economic slowdown and towards a more prosperous America.
How do you calculate the Mean Squared Regression from the Sum of Squared Regression?
Capital mobility is fairly high, so the fe curve is more shallowly sloped than the lm curve. the country has a fixed exchange rate. Using is-lm-fe analysis, show what will happen if the country pursues an expansionary fiscal policy. Use graphs and ex..
emphasize why the need for instrumental variables arises and how authors have approached the problem. make sure to
Suppose that the market demand for organs is Q = 800-3P, where Q = QF + QD and Q is the total quantity, QF is the quantity supplied by fringe firms and QD is the quantity supply by the dominant firms. Find the profits of the dominant firm. Find the p..
What are the equilibrium level of income and the equilibrium interest rate?
What product characteristic refers to the situation where consumers place higher value on a product if other consumers also use it?
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