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Find the Break Even Quantity of production for the following information.Given: Investment = $300,000 Salvage= $20,000interest = 15% N (period)= 7Annual Expenses = $15,000 Gross Margin per unit = $75Variable cost per unit = $15 Depresiation is Stright Line
Consider the production function f(L;K) = L + K. a. Suppose K is ?xed at 2. Find algebraic expressions for the total product of labor function TP(L), the average product of labor AP(L), and the marginal product of labor MP(L).
If the current price of the product is $100, what is the quantity supplied and the quantity demanded How would you describe this situation and what would you expect to happen in this market
The Federal Reserve Banks sell $3 billion in securites to members of the public, who pay for the bonds with checks. Show the new balance sheet for commercial banks if reserves = 33, securites = 60, checkable deposits = 150, and reserve banks = 3.
Many people advocate taxing "the rich" to alleviate the debt problem but the truth is that taxes will have to be increased on all income earners. What macroeconomic impacts would you expect to see if taxes are raised "across the board"?
A monopolist serves a market in which the demand is P=120-2Q. It has a fixed cost of 300. Its marginal cost is 10 for the first 15 units (MC=10 when 0
Of the 50 not working, 10 were full-time college students, 18 were retired, 5 were under 16 years of age, 7 had stopped looking for work because they believed there were no jobs for them, and 10 were actively looking for work.
A small nation of ten people idolizes the TV show American Idol. All they produce and consume are karaoke machines and CDs, in the following amounts a. Using a method similar to the consumer price index, compute the percentage change in the overall..
Households are now less sensitive to changes in their income and won't consume as much if their income increased. This sensitivity decreases by 0.1. Compute the new AE and real GDP and show this change on the graph.
a monopolist has marginal costs MC(Q)=2Q where Q is the total output (thus MC should be rewritten MC(q)=2(q1 + q2). The monopolis can sell the output on two seperate markets, which are protected from resale of goods.
The state highway route has a 30% chance of taking 4 hours, a 50% chance of taking 5 hours, and a 20% chance of taking 6 hours. All other factors being the same, people who place a higher valueon time.
GKX Industries expects sales of its hydraulic seals (in inches and metric sizes) to increase according to the cash flow sequences $70+4k, where k is in years and cash flow is in $1000. What is the amount of the cash flow in year 3
General price inflation is estimated to be 3% for the next 5 years, 5% the 5 years after that, and 8% the following 5 years. If you invest $10,000 at 10% for those 15 years, what is the future worth of your investment in year-0-dollars at that tim..
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