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You are the manager of a firm that produces output in two plants. The demand for your firm's product is P = 80-Q, where Q = Q1 + Q2. The marginal cost associated with producing in the two plants are MC1 = Q1 and MC2 = 8. How much output should be produced in plant 1 in order to maximize profits? show work
You purchased shares of a mutual fund at a price of $29.50 per share at the beginning of the year and paid a front-end load of 4.5%. If the securities in which the fund invested increased in value by 11% during the year, and the fund's expense ratio ..
Plot the goods in a graph with realness on the horizontal axis and (relative) exclusion cost on the vertical axis. (1) 1000 pounds of compacted scrap steel; (2) 1/2 ton of compacted scrap steel; (3) a mahogany tree in an inaccessible Central American..
Which one of the following would increase per-unit production cost and therefore shift the aggregate supply curve to the left?
Determine what are some of the philosophies that influenced Latin America? In what way did they impact the cultures of Latin America?
Soft selling occurs when a buyer is skeptical of the usefulness of a product and the seller offers to set a price that depends on realized value. For example, suppose you're trying to sell a company a new accounting system that will reduce costs by 1..
q.the husband of miss young is a monopolist with constant marginal costs of 50 that can sell to three groups of
We considered a sequential move game in which an entrant was considering entering an industry in completion with an incumbent firm, Consider now that the entrant, if fought, has the possibility of withdrawing from the industry (at a loss of 1 for the..
q.assume that in 1998 the following prevails in the republic of nurd y200 g0 c160 t0 s40 iplanned30assume that
An individual has to choose between two possible investments. The rst investment yields a net wealth of $100 with probability 0.5, and a net wealth of $0 with probability 0.5. The second investment yields a net wealth of $40 with probability 1.
In which directions are they pushing or pulling the U.S. economy. Also, do you think the gap between real GDP and potential GDP will widen or narrow.
Suppose the firm chooses this input combination. What is the firm’s short run cost function? What are the firm’s fixed costs? What are the firm’s variable costs?
Assuming that there are no direct expenditure offsets to fiscal policy, how much should the government increase taxes?
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