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Suppose the cost, in dollars, of producing x items is C(x) = 100x + 2000/x Determine
(a) the cost of producing 50 items,
(b) the cost of producing the 50th item, the marginal cost when x = 5,
(c) the average cost function,
(d) the average cost of producing 50 items,
(e) estimate the level of production which minimizes the cost and estimate the minimum cost.
How is the marginal propensity to consume affected? How is the multiplier affected?
Suppose that the government decreases spending by $100 billion.What happens to aggregate demand What is the likely effect onprices and output Where are the new equilibrium price level andGDP relative to the old levels
In more than 500 words explain the concept of of the theory of consumer behavior
suppose you work for an original equipment manufacturer (OEM) who makes component pieces for a telecommunication company. The telecom company asks you for a price quote for 2,000,000 units that will require a $1,000,000 investment
A small pipeline will cost less to purchase (including valves and other appurtenances) but will have a high head loss and, therefore, a higher pumping cost.
The supply curve for cars is given by the following: Qs = 2p-1000. Further the demand curve for cars is given by Qd = 8000 - p. In the equilibrium for the car market own price elasticity of demand (in absolute value terms) is equal to
You wish to retire at age 66 and at the end of each month thereafter for 30 years, to receive $5000. Assume that you begin making monthly payments into an account at age 24. You continue these payments until age 66.
Suppose that the price of salt rises from 15 cents to 17 cents a kilogram. The quantity demanded decreases from 525 kilograms to 475 kilograms per month, and the quantity supplied increases from 525 kilograms to 600 kilograms per month.
If so, how? As the employee, is there anything you could do to realize a higher payoff?
Describe major differences in evaluating internal controls over financial reporting in a financial statements audit and auditing internal controls over financial reporting as a separate engagement.
Suppose that two firms compete in quantities (Cournot) in a market in which demand is described by P = 260 - 2Q. Each firm incurs no fixed costs but has a constant marginal cost of 20. a. What is the one-period Nash equilibrium market price What is t..
suppose that businesses buy total of $ 130 billion of the four resources ( labor,land,capital, and entrepreneurial ability) from households. If households receive $ 72 billion in wages, $ 16 billion in rent, and $ 26 billion in interest
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