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The miracle Manufacturing company Short run Average cost Function In 1997 Is AV=3+4Q , Whwer AC is The firms Average cost ($/pound)And Q Is its output rate.A) Obtain an equation For the firms Short-run Total cost function.B) Does the firm have any fix cost ?
If the goal of the transit authority was to maximize total revenues, what is the new price it should set? Also, what would the total revenue raised in this new price scheme?
Suppose that Apple must pay a royalty on each mobile device that it produces. How should Apple adjust its production and price in response to the royalty?
Both industrial unions and craft unions attempt to raise their members' wages, but each goes about it differently. Explain the diffeence in approaches and describe the impact these differences have on excess quantity of labor supplied.
Suppose A and B choose the amount they spend on the school independently. What is the Nash equilibrium level of the school's quality in Little Society?
Who are the stakeholders affected by the stores' decisions Do the stores, as businesses, have an obligation to the broader community to not hurt tourism Is Neda placing her own personal ethics ahead of business ethics? Is there a difference Why, a..
Externalities are third party consequence of some other action. They can be positive or negative externalities and they impose a benefit or cost to a third party.
What factors would cause a firm to decide to buy intermediate products needed for production of its final goods or services?
Evaluate the impact of the proposal to cut prices and what is the optimal profit-maximizing markup suggested by economic theory?
Find the marginal rate of substitution for both individuals and is the initial allocation pareto efficient
For each of the following utility functions, draw the three indierence curves that correspond to the three stated utility levels, labeling each curve with the corresponding utility level. Label any intercepts or inks in the line to fully identify ..
Find linear demand and supply curves that are consistent with this information and how would the equilibrium price of ethanol motor fuel in the first half of 2008 compare to the price in 2007?
What is the South African government providing?
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