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A company in a purely competitive industry is currently producing 1000 units a day at a total cost of $450. If the firm produced 800 units per day, its total cost would be $300, and if it produced 500 units per day,its total cost would be $275. What are the firms average total cost per unit a these levels of productions? If every firm in this industry has the same cost structure, it the industry in long-run competitive equilibrium?
Expalin how can inflation derail the economy from its growth path.
Suppose the firm decided to lease the large factory, and has put down a non-refundable deposit of 4,000 for that factory. Provide a recommendation concerning which factory firm should lease, and the number of boxes of chalk it should produce.
Explain how will different cultural perspectives of a region impact your global business operations.
What is the net effect on the money supply in the economy? Show your work. Assume instead that Sammy uses the $10,000 he receives to pay back a loan from Bad Boys Bank. $8,000 goes to repay the loan itself, and $2,000 represents his Interest payme..
To finance this subsidy every pair of stilts purchased by someone who is tall is taxed at a rate of T percent.
Due to the slow down economy, it is expected that there will be .7 million additional workers who will lose their jobs next month. Determine the expected unemployment rate for next month?
Use the price-cost formula to determine whether or not the firm's operations are productively-efficient. (e) Use the price-cost formula to determine whether or not the firm's operations are allocatively efficient.
Explain the nation will move toward an international monetary system or fixed exchange rates in the future.
As a manager of chain of movie theatres which are monopolies in their respective markets-Devise a pricing strategy to maximize your firm's profits.
Very important information regarding calculating the income elasticity of demand
Suppose Bank of Canada (BOC) purchases $100 million worth of government bonds from a chartered bank. Assume BOC imposes 5% legal reserve requirement ratio to the banking system.
The demand function for gadgets is providede by the following formula. Illustrtae what is the point price elasticity of demand.
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