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In a short run cost function, capital/unit = $30, Labor/worker = $20 and K=10, how to solve for and value of total variable cost? My solution total variable cost does not intersect Total fixed cost and Total cost curves and I do not understand why?
Write main() functions to test and debug each function, using gets() and puts() for string input and output as follows: To demonstrate strlen(), input your first name using gets() and use printf to print the string followed by the number of character..
For the following questions, identify whether it is a change in supply or a change in quantity supplied. Indicate the direction of the change (increase or decrease).
In the long-run, fiscal policy impacts the supply side of the economy. Why do we ignore these effects in the short-run?
JET FAB bought a CNC laser cutting machine at a cost of $400,000 to meet the specific needs of customer that had given a 4-year contract with the possibility of extending the contract for another 4 years. Consequently, the company ended up selling th..
Calculate the following elasticities and classify good x. The market situation is as follows: m=$100, Px=Py=$10
What happens to the aggregate quantity demanded in nominal terms over this interval? Using the formula for price elasticity of demand what is the elasticity of aggregate demand over this interval?
A charitable university benefactor has decided to donate a large amount of money for student scholarships.
Mirk Labs is a British pharmaceutical company that currently enjoys a patent monopoly in Europe, Canada, and the United States on Zatab (pronounced zay-tab), an allergy medication. What wholesale price will Mirk Labs set? How much Zatab will it produ..
A monopolist faces the inverse demand curve: p(Q)=100-4q and a cost structure of: C(q)=q^(2) + 10q What is the profit maximizing amount of output for the firm and how much profit do they make at this level of production?
Would the outcome of a Hotelling model with prices regulated by the government be efficient?
How might advertising make markets less competitive? How might it make markets more competitive? Give the arguments for and against brand names.
Now suppose one big firm comes and buys out all of the firms in the cartel. This monopoly somehow miraculously is able to perfectly price discriminate. How much will this firm produce? What will be the deadweight loss created by this monopoly?
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