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Q. In a perfectly competitive firm, with current price of a product being $42.00 and a marginal cost function of MC=.006Q.How many cases would firm have to produce in order to maximize profits?
Q. Suppose that macroeconomics forecasters predict that economy will be expanding in near future. How might managers use this information?
Illustrate what is james price of producing potatoes what is james opportunity cost of producing chickens which person has an absolute advantage in which activities which person has a comparative.
Use this information to find the Equilibrium Price, Quantity and Revenue in the market.
Show where or not above production function exhibits diminishing marginal productivity of labour. Determine nature of Return to Scale as exhibited by above production function.
If the bond matures in five years and Jerry can buy one now for £3500, elucidate what is his IRR for this investment.
Illustrate wage would a monopoly union demand. Explain how many workers would be employed under the union contract.
By what reasons financial crisis as well as either United States is going in right-wrong direction among its present strategies.
both the short run and the long run assuming that the government takes no action in response to the oil price increase.
Illustrate what are the explicit, implicit, and total economic costs of the firm. How much economic profit does the firm earn.
GDP also consumption both rose by $8 billion in the second round, Illustrate what would have been the size of the multiplier.
How macroeconomic equilibrium does an economy achieve. Elucidate what affect does a high level of inflation have on macroeconomic equilibrium.
Hypothetical cost and revenue curves for a computer producer. Illustrate at what price will the monopolist sell each computer.
Suppose a monopolist's demand is given by the function P=25-3Q. Let the total cost of production be 7Q+28 for positive levels of output, and zero otherwise. Illustrate what is the profit maximising output.
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