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Suppose now that the cost of capital in the previous question rises to $3 per unit. Graph the new long-run average cost curve, and compare its position with the curve in that question.
If software can only be produced in the quantities above, what should be the production level if the producer operates in a monopolistic competitive market where the price of software at each possible quantity is also listed above
Suppose that First Bank has $34 million in checkable deposits, Second Bank has $47 million in checkable deposits, and the reserve requirements for checkable deposit is 10%.
in the derivation of the solow growth model we assumed that government spending and taxes less transfers were both
The MorTex Company assembles garments entirely by hand even though a textile machine exist that can assemble garments faster that a human can. Workers cost $50 per day, and each additional laborer can produce 200 more units per day
Let p* be the equilibrium price and y* theequilibrium quantity, so that p* = A-By*. Now suppose thedemand in the market shifts, so that the new demand curve is p =A'- B'y*. Hence, if the firm does not change its quantity
List the techniques for gathering evidence (inquiry of client personnel, observation, examination of documents, reperformance, confirmation, analytical procedures and physical examination) you would use in the audit.
Suppose the own price elasticity of market demand for retail gasoline is -0.8, the Rothschild index is 0.7, and a typical gasoline retailer enjoys sales of $1,900,000 annually. What is the price elasticity of demand for a representative gasoline r..
Arc income elasticity Deluxe Carpeting a leading manufacturer of carpeting sold 28 million square yards of carpeting at a price of $16 per yard. This year, GNP per capita is expected to fall from $19,000 to $17,000 as the nation enters a recession..
Determine the capitalized cost a series of cash flows starting at the end of the first year with $400 and increasing at the rate if $100 for the next 5 years. The series of cash flows from 1 to 6 repeats forever. MARR=6%
The inverse demand curves for each of the two groups are given below. The marginal cost (which equals the average variable cost) of serving an additional patron, either senior or everyone else, is equal to $4. Fixed costs are equal to $1000.
Suppose that the price elasticity for hip replacement surgeries is 0.2. Further suppose that hip replacement surgeries are originally not covered by health insurance and that at a price of $50,000 each, 10,000 such surgeries are demanded each year..
Suppose P=20-2Q is the market demand function for a local monopoly. The marginal cost is 2Q. The local monopoly tries to maximize its profits by equating MC= MR and charging a uniform price. What will be the equilibrium price and output
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