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If the marginal income is 100-0.02n and the total cost is 0.0002n^(2)+ 10000, where n is the cost of production of a tool . a) Calculate the production volume to minimize the cost per unit.
b) calculate the volume production to maximize the gain
c) calculate the volume production for the equilibrium point
Nominal GDP is the variable most commonly used to measure short-run economic fluctuations. These fluctuations can be predicted with some accuracy. Real GDP is the variable most commonly used to measure short-run economic fluctuations. It is almost im..
Suppose that a bank has assets: some required reserves, some excess reserves, some loans, and some securities. If they change their strategy, by how much can they increase their loans?
Identify the market structure that best matches the competitive qualities found in the market where these products are made and sold. Explain your answer.
The private marginal benefit for commodity X is given by 50-5 X , where X is the number of units consumed. The private marginal cost of producing X is constant at $10. For each unit of X produced, an external benefit of $5 is imposed on membe..
Should economic efficiency alone be used to measure the economic value of environmental resource and damage to natural resources? What are other criteria should be considered?
The substitution effect from a fall in the price of a gallon of gasoline is shown in the below figure by the movement from
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A selfless person approaches Jones also Smith with a $100 bill also offers to sell it to the highest bidder but both the winning also losing did der must pay her their bids.
q1. assume the unit cost for pogo sticks is 40 in north pogo as well as 8 in south pogo while the current exchange rate
Read "Does a stock market crash affect the economy?" (Layton et al 2012, pp. 364–5) Immediately following the attack on the US on 11 Sept 2001, the stock markets plunged and many observers expected a recession in the US (and possibly elsewhere). Q) U..
Explain the relationship between the price charged and the marginal revenue a monopolist receives from selling an additional unit. Provide a discussion that explains the relationship between the monopolist’s marginal revenue and its price elasticit..
Discuss how advertising affects consumer demand. Discuss how advertising affects consumer demand. Explain why fiscal policy might be needed. Explain how fiscal stimulus or restraint is achieved
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