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An intelligent and charming cow, grazes in a very large, mostly barren pasture with a few patches of lush grass. when she finds a new grassy area, the amount of grass she gets from it is equal to the square root of the number of hours, h, that she spends grazing there. Finding a new patch of grass to graze takes her 1 h. the currency of her costs is time.
Illustrate what is the total cost of finding a new plot of grass and getting y units of grass from it?
expression for her marginal cost and her average cost per patch of grass as a function of the amount of grass she gets from each patch"how much time would she spend in each plot to maximize her food intake?
Illustrate what are the factors that will allow them to increase their added value in this type of competitive environment.
Illustrate what can you say about the change in equilibrium price and quantity.
Price elasticity of demand is 1.5 and a firm raises its price by 20 percent the quantity sold by the firm will ceteris paribus.
Illustrate output quota q1 would the typical firm have to be limited. Explain how much would it like to produce.
Do you think the industry environment is significantly different today explain.
Illustrate a form of financial instruments through which corporations and governments borrow money from financial investors and promise to repay with interest.
Fed's policies both in terms of the positive also negative consequences of such policies also in relation to the Keynesian also classical theories.
what is the output level does the marginal cost curve cross the average cost curve. Compute her accounting and economic profits.
In your opinion should our government impose price floors and/or price ceilings in our economy.
Assume that a very competitive start-up enters the market in direct competition with the oligopoly you described in the e-Activity.
In an effort to provide tax relief for households while still balancing the budget, Congress votes to raise business taxes and decrease personal taxes.
Over which range of production, the marginal product of the variable input would be increasing in the short run.
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