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Phillip Haynes is the controller of a company that has the sole authority to manufacture your product. The inverse market demand curve is C(Q) =2Q +Q^2 . Your total cost equation is . What is the output you should produce, the price you should charge, and your profits
The reason negative externalities, otherwise known as social costs, occur is that these expenses are generally not included in calculating the costs of production. Production decisions are generally based on financial data and most social costs are n..
Accounting for trade in goods and services Suppose the following transactions occur during the current year: A U.S. company sells 200 transistors to a Spanish company at $15.00 per transistor. Sam, a U.S. citizen, pays $1,500 for a laptop he orders f..
Write the regression equation. 2. Interpret the regression constant and regression coefficient, 3. Forecast a value for the dependent variable,4. Test the significant of the regression coefficient at an alpha level of .05, 5.Test the overall signific..
The market demand for another product you are considering selling is Q(p) = 100 ? (1)p and as the 2. only producer of this product your production costs would be C(Q) = 40Q. You learn of a second firm wishing to enter this market. If you were to perf..
Grocery stores and gas stations in a large city would appear to be examples of competitive markets. There are numerous, relatively small sellers, each seller is a price taker and the products are quite similar. Is is possible these markets are perfec..
Does convergence property imply that a measure of dispersion of income per person across the economies will narrow over time? Abosolute convergence held for US staes from 1880 to 2000. A measure of the dispersion of per capita income across the state..
What type of inflation occurs if workers ask for higher wages and firms must raise product price in order to pay their workers?
Draw the supply and demand curve. What is the equilibrium price and equilibrium quantity? What is going to happen to the equilibrium price and equilibrium quantity if a draught is going to destroy the coffee harvest in Brazil, one of the largest coff..
Provide some examples of discrete and continuous variables. What attributes of these variables make them discrete and continuous? Why?
Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually.
You are given the following figures on economic base: primary employment: 10,000; Secondary employment 30,000 A) Determine the ration B) a New Factory engaged in primary employment is moving into the base and intends to employ 250 persons. What are t..
Using the II-XX framework below, show using a figure that fiscal policies by themselves cannot bring the economy to both internal and external balances. Do start with an economy at Point 2 (you will have to address devaluation). A close to complete a..
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