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Numerical fill in the blank question: Suppose a perfectly competitive firm has the marginal cost function of MC = 3Q. The market price is given by P = $45. How many units of output will the firm produce? (Just enter your numerical answer - no symbols, units, or text).
Numerical fill in the blank question: Suppose that at this same firm's profit-maximizing level of output, average costs are ATC = $39. What are the firm's total profits earned? (Just enter your numerical answer - no symbols, dollar signs, units, or text).
In 2011 the US trucking industry faced the following economic conditions: (i) At last the US economy was recovering from a prolonged slump during which trucking had shrunk its capacity by 14%,
Crepe Creations is considering franchising its unique brand of crepes to stall-holders on Hermoza Beach, which is five miles long. CC estimates that on an average day there are 1,000 sunbathers evenly spread along the beach and that each sunbather wi..
What is inflation? How do interest rates affect inflation? What are the different types of unemployment? Which of these has the most impact on the economy? Explain
Using your knowledge of the biological dynamics of a fish population, develop a thorough and well-organized essay explaining the relationship between the biological growth of a stock of fish, the optimal economic outcome, and the challenge of attaini..
Who benefits from inflation? Who is hurt from inflation? What is hyperinflation? How to control inflation? What is GDP pe person? Provide an example of purchasing power parity
How are trade agreements useful to trade strategies between nations? In what ways has globalization effected trade development and strategies between nations?
Many people have argued about the wisdom of the "TARP" program that was implemented late in the Presidential term of President George W. Bush with the full approval of the Congress. Briefly comment on the impact on the economy of this effort and expl..
Explain what you think the headline "U.S. consumer spending up 0.4 percent in January while income increased 0.3 percent" means. For paragraph b), explain how the NBC Learn clip concerning optimism and certainty affect aggregate demand and hence, con..
You used this information in deciding to open a store. Your store Explain however has not come even close to these annual sales.
How can your company look for a new market spaces outside its own industry - Why should your company consider deconstructing
Which of the following is a decision that follows the net marginal benefit principle?
What was the expected return on Columbus's expedition, assuming that he had a 50 percent chance of discovering valuables worth $1 million
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