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For each level of output, calculate the variable cost (VC). For each level of output except zero output, calculate the average variable cost (AVC), average total cost (ATC), and average fixed cost (AFC) Qty of boats Total Cost Variable Costs Average Variable Costs Average Total Costs Average Fixed Costs 0 $450,000 - - - - 1 490,000 2 510,000 3 520,000 4 540,000 5 570,000 6 610,000 7 670,000 8 750,000 9 870,000
Explain why do think the European Union countries decide to have a single central bank and a single currency, instead of just agreeing to maintain fixed exchange rates among their currencies.
Assume that the business cycle in the US is best described through RBC theory. An advance in technology raise productivity.
Explain how many hours of work is the consumer working. What is her income.
From the regression output, estimate the demand function when income is $40,000 and price is $2 per gallon. Explain the result in terms of R-square, T-test, F-statistic, and signs of each X variables.
The industry's assets are financed with some combination of common equity and long-term debt. What's the firm's debt ratio?
Analyze the relationship among fiscal and monetary policy in an open economy.
It is well documented that carbon monoxide emissions from combustible engines increase in colder climates. This implies that associated damages are expected to become less severe in summer months than in winter.
A corporation has a variable-rate loan with a bank paying LIBOR plus 65. The company wants to make a synthetic fixed-rate loan and enters into an interest rate swap paying a swap fixed rate of 9% and receives LIBOR.
Illustrate what is the own price elasticity for ATM fees charged to non-customers.
Expansion and contraction are commonly utilize terms in economics and the media.
Find out an article on decreased consumer spending, list the name of the article and provide the link to it.
From this information, can you devise a general rule explaining how the Herfindahl-Hirschman index is affected when exactly two firms in the market merge? (Hint: compare a2 + b2 with (a + b) 2)
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