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Find an article on firm's production and cost from a major news media by providing title, date, source and summary of the article. Explain how this article relates to firm production and cost.
A country possesses a comparative advantage in the production of a product if a. The opportunity cost, in terms of the amount of the other products that it gives up to produce this product, is lower than it is for its trading partners b.
A regulator plans to impose a specific tax on a previously unregulated monopolist. Before imposing the tax, they want to know what the change in quantity produced will be from such a tax. The proposed specific tax is τ = 10 and the following are the ..
A country is described by the Solow growth model. It has a population growth rate of 5 percent and a rate of technological progress of 3 percent. It is currently at the steady state. What is the country is growth rate for output and output per worker..
Calculate the income elasticity of demand for each of the following goods: Quantity of demand when income is $10,000 Quantity of demand when income is $20,000
Suppose you run a manufacturing business that is involved in manufacturing and selling a single product. The fixed cost to run the business is $15,000 and the constant marginal cost is $7.50 per unit. The sale price of your product is $15 per unit. F..
If the government passes a law requiring sellers of mopeds to send $200 to the government for every moped they sell, then
When tuition (P) is $500 per credit hour, enrolment (Q) is 1000 student. When tuition is 400, Enrolment is 1300 student: Calculate the elasticity and tell whether it is elastic or not. To increase revenue, should tuition be increased or decreased?
Your pharmacy provides services to Medicare and PPO patients. You estimate a price elasticity of demand of -2.2 for Medicare patients and -5.3 for PPO patients. Your marginal and average cost for dispensing a prescription is $2. What is the profit-ma..
Many universities allocate financial aid to undergraduate students on the basis of some measure of need. does this price reflect pure charity or price discrimination? if it reflects price discrimination do you think it lies closer to first degree dis..
Why did the companies and services described in this case need to mania in and analyze big data? What business benefits did they obtain? How much are they helped by analyzing big data?
suppose that new producers enter the market and the supply increases to: Qs = -500 + 10P. What is the new equilibrium price and output level? (g.) Show these changes on the graph
Determine whether GDP will be underestimated or overestimated in each of the following:
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