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A firm operating in a competitive market has the following total cost function: TC = 2.5Q3- 35.5Q2+ 210.5Q + 320
Find the profit maximizing level of output of this firm if the market price of this good is $165.5. What is the firm's shutdown price?
There are four of you in a group- representing the individuals with currency in an economy. Each of you has $100. Use this information to answer the following questions. Additionally, all banks abide by a reserve ratio of (1/5), regardless of scenari..
1. consider a macroeconomy was initially at equilibrium level of real gdp.nbsp using an aggregate supply diagram and
What is the economic basis for trade? Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource differences.
Outline the significant factors that could cause changes in supply and demand for the product. Determine the primary manner in which both the short-term and the long-term changes in market conditions could impact the demand for, and the supply, of..
i. price discrimination is selling a product at different prices when the underlying cost is the same. describe the
part 1 assume that the country is in a period of high unemployment interest rates are at almost zero inflation is about
According to this week s lecture, there are two types of inflation (demand pull and cost push). Which countries are experiencing a demand pull inflation? ? You may need to complete additional research to determine the inflation type for each country.
Analyze the method by which a firm can allocate the given advertising budget between different media of advertisement.
If society is producing a combination of goods on its production possibilities frontier - Suppose you can write generic supply and demand curves such that QS= A + BP and QD= D + CP. Equilibrium price is given by
We said that an uncrowded country club golf course has aspects of a public good. Why? Is it still public good if it becomes crowded and people’s games are slowed down?
Calculate each fund managers average
The government has imposed a tax on gasolone. What is the amound of the tax per gallon of gasoline How much tax revenue will government collect from this tax How much of the tax is paid by consumers
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