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a. What is the minimum price necessary for this firm to produce any output in the short run? Suppose that TC=100+15q
b. MC=4q. the perfectly competitive firm maximizes profits by producing 10 units of output. at what price does it sell these units ??
A purely competitive wheat farmer can sell any wheat he grows for $10 per bushel. His five acres of land Elucidate how.
Elucidate how much should Joseph's income increase to compensate for the rise in the price of roses?
illustrate what feature of the value function explains the phenomenon, and how.
Assume the graphs represent the demand for utilize of a local golf course for which there is no significant competition.
What are the equilibrium price and quantity. If demand increases to D', what are the new equilibrium price and quantity. What happens if the government does not allow the price to change when demand increase.
You are the manager of a local sporting goods store and recently purchased a shipment of 60 sets of skis and ski bindings at a total cost
Illustrate what is your advice to the Canadian government about which market structure to choose for pasta industry.
Explain how was the second law and end-use analysis linked to socially constructed scarcity.
If the table represents the demand faced by a monopoly firm, then Illustrate what is which firm's marginal revenue as it increases output from 1300 units to 2200 units? Elucidate how all work.
Draw the indifference curves that represent the following individual's preferences for peanut butter and jelly. Indicate the direction in which the individuals' utility is rising.
Illustrate how the market, if left alone, would move us out of the recessionary gap. Also, explain all, if any, fiscal policy steps that can be used to lift us out of the recessionary gap. Explain which method, the market or fiscal policy, do you ..
When a industry's marginal revenue product equals the income rate, marginal revenue also equals marginal cost.
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