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As Tren Dee Apparel's chief executive officer, you decide to break into the competitive sweatshirt market. Use the information provided in this figure to answer the following questions concerning Tren Dee's operations.
1. What is the equilibrium market price of sweatshirt?
2. What is the profit-maximizing level of output for Tren Dee (in thousands)?
3. At the profit-maximizing level of output, what is Tren Dee's total revenue (in thousands of dollars)?
4. What is Tren Dee's total cost (in thousands of dollars) at the profit maximizing level of output?
5. At the profit-maximizing level of output, are economic profits positive, negative, or zero?
6. You should shutdown Tren Dee's sweatshirt operation if the market price falls below what dollar amount?
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retailers such as neiman marcus and rei have generous return policies. other retailers provide price-match guarantees
Subsequent pounds are worth $0.30, how many pounds of potatoes will she purchase? What if she only had $3.00 to spend?
1.given the demand curvep 20-0.5qwhere p is the dollar price per unit and q is the number of units sold per month and
Determine what fiscal policy measure has a more direct impact to the economy, an increase in government spending or an equal decrease in taxes if consumer confidence is lower than the previous month.
Are you in favor of either deficit spending on the part of government or one of a balanced federal budget and budget surpluses?
The owner of a fast-food restaurant estimates that she can produce and sell 1,000 additional hamburgers per day by renting more automated equipment at a cost of $100 per day.
Suppose that an MBA degree creates no externality because the benefits of an MBA are internalized by the student in the form of higher wages. If there are no government subsidies for MBAs, then which of the following statements is correct
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What would production at a point outside the production possibilities curve indicate? What must occur before the economy can attain such a level of production?
The opportunity cost of the debt is: The interest payments on the debt. Less of an issue if the economy is below full employment since crowding out is less likely to occur. Not an issue if the debt is financed internally. The decrease in public-secto..
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