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Two manufacturing firm, located in cities 90 miles apart, both send their trucks four times a week to the other city full of cargo and return empty. Each driver costs $275 per day with benefits (the round trip takes all day) and each firm has truck operating costs of $1.20 a mile. How much each firm save weekly if each could send its truck twice a week and hauled the other firm's cargo on the return trip?
Estimate the deadweight loss from monopoly. Assume, in addition to the costs above, the musician on the album has to be paid. The company is considering four options.
Illustrate what output would be produced, Illustrate what would total profits be also Illustrate what rate of return would the firm earn in its asset base.
a university spent 1.8 million to install solar panels atop a parking garage. these panels will have a capacity of
Substitute the values of L* and K* in the total cost equations and obtain an expression for the total cost C*. then calculate the average and marginal costs and plot them. Illustrate what is the cost elasticity of output.
Why does the percentage gain in earnings observed when worker gets one more year of schooling measure the marginal rate of return education?
Elucidate how that a profit-maximizing bundle will typically not exist for a technology that exhibits increasing returns to scale
Just construct the diffusion index from month 2 to 3. In this problem, we have three leading indicators. The diffusion index from month 1 to 2 is 66.7 (=2/3) because two indicators move up and one moves down.
q1. tetrangle manufacturing has fixed costs of 2160 per day. the firm manufactures bicycle component upgrade kits. the
The president of your college believes that the cost of a college education is far too expensive for students to afford and has decided.
Explain how both the flow-of-product approach and the earnings approach can be used to measure GDP and the role profit plays in these calculations.
An increase in the number of varieties of a good regarded as a gain from trade. Can you think of economic disadvantages associated with greater product variety.
Explicates which influences the marginal benefits also marginal costs associated with the decision to purchase a house.
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