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Demand for good X has been estimated at Qxd = 12-3Px+4Py. Suppose that good X sells at $2 per unit and good Y sells at $1 per unit. Calculate the own price elasticity.
Consider an economy where there are N consumers, each of them having one unit of available time.
Name some of the ways firms attempt to control their costs. Explain Name some of the ways firms attempt to control their costs. Explain how does your firm control costs.
Illustrate wage would a monopoly union demand. Explain how many workers would be employed under the union contract.
To produce that many donuts weekly, company uses 1,000 pounds of flour, which must be delivered by 5:00 am every Friday morning. Explain how should manager of company acquire flour. Explain."
the demand for Internet advertising was declining at the similar time which the number of Internet sites accepting advertising was increasing
Explain the solution to the firm's cost-minimization difficulty ever occur off the iso-quant representing the required level of output.
Profit max level of output. Quantity firm will minimize average total cost. Illustrate at what price will y shut down.
This question uses the general monetary model, where L is no longer assumed constant.
you relate concepts in this week's readings to a prior real world experience. Experience does not necessarily have to be work experience. Examine market equilibrating process in relation to your experience.
Suppose the firm is operation in a high-way country, where capital cost is $100 per unit per day and labor cost is $80 per workers per day. which technology is cheapest for each level of output.
f P falls below AC, what is result for firm? Firm loses money 16. In late-19th century, both firms and markets expanded. How did this impact competition in many markets.
Find out the equilibrium level of GDP. Next Find out the multiplier for government purchases also fixed taxes.
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