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Consider the following graph, and answer questions a through e. If you perform calculations, show me your work.
a. If the price of capital is $7.50 per unit what is the per unit price of labor?
b. How many units of labor should the firm use in order to produce 400 units of output at the least cost?
c. The minimum cost of producing 800 units of output is what?
d. How many units of capital should the firm use to produce 800 units of output at the lowest cost?
e. The minimum cost of producing 1,200 units of output is what?
What is her AFC per poster if she prints 1,000 posters - Karen runs a print shop that makes posters for large companies.
Examine your Y data (excluding the hold out period) to determine if it needs to be differenced to make it stationary. Show a time series plot of the raw Y data and autocorrelation functions (ACFs).
What is meant when a monopoly firm is described as a price maker? How is a price maker different from a price taker? Is a monopoly ever a price taker?
Take a small company to be established and construct a cost revenue analysis to see how feasible the project could be? Divide your cost of production into fixed and variable cost. Calculate the price that you think will make the business break eve..
What literature you are reviewing and how it contributes to your research question. You might want to consider areas such as additional readings on theory, policy relevance, debates and existing findings.
What is the relationship between the average variable cost and marginal cost and relation between average product and average variable cost?
Describe the revenue, costs, and profit that Starbucks expected when it entered this market.
When developing short-run cost curves, it is supposed that all firms in perfect competition have the same cost curves and they all make identical short-run profits or losses.
Describe how the market economic system works to answer fundamental economic questions. Describe how this may differ from a command economic system.
Among the types of expenses faced by a company short-run costs, fixed and variable, as well as long-run costs, how can technology help companies to decrease their costs?
The demand function for product sold by an oligopolist operating in the short run is given below: Compute the profit-maximizing price and quantity, if the firm operates in short run.
Analyse the impact of an increase in the price of crops and a (proportionately smaller) decrease in the price of fuel on a low income person who spends most of her income on food (derived from crops).
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