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Do comparativists reject universalist theories? Under what conditions are category A and category B systems identical? Hint: reflect on culture, politics, and ethics.
You are the manager of a monopoly, and your demand and cost functions are given by P = 200 - 2Q and C(Q) = 2000 + 3Qsquared, respectively. a. What price-quantity combination maximizes your firm's profits
Firm A has developed a new product and must now decide whether to install enough capacity to produce either one or two units of the product. It expects production costs (including capacity building) to be C(q) = 8q + q2 and it estimates demand for..
The maximum possible demand for a certain commodity is 20,000 tons. The highest price for which there is any demand is $40 per ton. If the demand equation is linear, find the demand function and the price function.
If the Fed keeps its target for the funds rate constant, what happens to reserve demand and the supply of reserves? If instead the Fed keeps the supply of reserves constant, what happens to the funds rate?
Let us imagine you are a consultant who has just been hired by a small business owner as an industry specialist. For this discussion you will identify one specific small business that you own, know the owner well or frequent as a customer.
Refer to the above data. If the product price is $55, at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss How much will the profit or loss be. will the firm realize an economic profit, break even, ..
If the average person drinks 2 bottles of water per day or uses 5 gallons per day in getting that amount of water from the tap, what are the present worth values of drinking bottled water or tap water per person for 1 year
Provide an estimate of the cross-price elasticity of demand for gasoline, both with respect to new cars and with respect to used cars. Are these estimates statistically significant? Do they align with economic theory? Give an interpretation of y..
A. From the information given in above table, calculatethe marginal utility at each point. B. Draw total utility curve andmarginal utility curve for consuming apples and interpret what is the relationship between total utility and marginal utility..
1. the income tax system in a country requires each citizen to pay 10 of income on earnings up to 40000 and then pay 20
use the following cost index data for each piece of equipmentto update the price that would be paid today original equipment cost indexwhen originallpurchased cost index today varnishbath ..
A foundry is fully equipped for $650,000. It is expected to earn $85,000 annually for 15 years without any salvage value. Due to changing market conditions, the foundry is sold for $100,000 after 8 years
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