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Will you please help me out with this question? I am having trouble setting it up and arriving at an answer.
A competitive firm's short run total cost function is given by:
TC = Q2 + 40Q + 81
Determine the range of prices for which the firm incurs a loss but continues to produce. Also determine the range of prices for which the firm earns a profit.
Suppose that the government imposed a $1 tax each time someone used an ATM.
Calculate the price of elasticity of demand for paint and show your calculations. decide whether the demand for paint is elastic,unitary elastic, or inelastic. explain your reasoning and interpret your results.
Due to a technical breakthrough, the fixed costs for a firm drop by 25%. Prior to this breakthrough, fixed costs were $100,000 and unit contribution margin was and remains at $5.00. The new amount of break-even units will be?
Explain how event causes the bond market to move from initial equilibrium, E1, to final equilibrium, E2. (3) What happens to bond prices and interest rates in going from E1 to E2?
The amount of money generated in a week can be viewed as a random variable with a mean of $700 and a standard deviation of $130. Find mean and standard deviation of an employee's total pay in a week.
What is the output of each firm if they collude to produce the monopoly output. What profit does each firm earn with such collusion.
Describe which market participants you believe benefited from the final court decision and whose interests were harmed.
Explain why would the increase in GDP be greater than the increase of a $100 increase in government spending.
If the government unexpectedly levies a five-cent tax on every gallon sold by gasoline retailers, illustrate what will happen to the representative firm's cost curves.
Illustrate what will be level of employment under monopsonistic conditions.
Suppose you have two goods, ice cream and macaroni(an inferior good to most people). show graphically what would happens when the price of the ice cream decreases and income increases.
As a matter of fact you have found several of these to be below minimum wages in your state. Discuss if dropping the observations is reasonable.
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