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At an output of 9, MC = 20 and AVC = $25. At an output of 10, MC = $32 and AVC = $26. What is the lowest price the firm will accept in the short-run?
What is the equation for the market demand for Harry Potter books if all consumers have the same equation for demand as Laurel? What is the price elasticity of the market demand for Harry Potter at P = 12.5? Compare it to Laurel's price elasticity o..
1. Explain how GDP deflator and CPI measures of inflation are calculated and discuss the difference between them. 2. The government lowers taxes by $30.The marginal propensity to consume is 0.60. Using the national income identity Y = C(Y-T) + I(r)..
Let's say you have a professor who gives 6 tests in the fall semester. You received these percentages: 79, 64, 84, 82, 92, and 77. This professor has decided that he will randomly select two grades instead of averaging all of the original scores. You..
The New Jersey dealer said he thought the NFP policy was illegal Why might Mercedes NFP policy be illegal? Can you offer another reason why the New Jersey dealer might not have wished to follow a no-haggling policy?
A person rents a home for which she pays the landlord $12,000 a year. The can can be bought for $100,000 and tenant has this much money in a bank account that pays 4 percent interest per year.
directionsa describe economic terms and concepts in question.b describe your reasoning leading from concepts in
Having a 100% crime free society is not likely to be attainable. Why? Do you agree or disagree? Make your case, whether you agree or disagree, by using the tools of economics of crime prevention.
Suppose that consumer spending initially rises by $5 billion for every 1 percent rise in household wealth and that investment spending initially rises by $20 billion for every 1 percentage point fall in the real interest rate. Also assume that the..
Using the information in the following table, estimate the average return and volatility for each stock, the covariance between the stocks
Suppose that you have a message consisting of 1024 bits. Design a method that will extend the key that is 64 bits long into a string (PAD) of 1024 bits to perform one-time pad encryption. Discuss the security of this approach
ABC Technologies, Corporation, enjoys an exclusive patent on process to atomize gasoline in platinum in combustion engines, producing substantial gains in miles a gallon
In equilibrium, the firms set identical quantities: Q1 = Q2. Find the firms' equilibrium quantities, prices, and profits. c. Compare the firms' profits under quantity competition and price competition. Provide an intuitive explanation for why pric..
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