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Profits from recycling paper, cardboard, aluminum, and glass at a liberal arts college have increased at a constant rate of $1,200 in each of the last three years. If this year's profit (end of year 1) is expected to be $6,000 and the profit trend continues (i.e. the profit at the end of year 2 is $7,200 and so on) for four years, find the present worth of the profit at an interest rate of 9% per year.
At its current level of production, a profit-maximizing firm in a competitive market receives $12.50 for each unit it produces and faces an average total cost of $10. At the market price of $12.50 per unit, the firm's marginal cost curve
Consider an economy that produces only chocolate bars. In year 1, the quantity produced is 3 bars and the price is $4. In year 2, the quantity produced is 4 bars and the price is $5. In year 3, the quantity produced is 5 bars and the price is $6. ..
How much corn will the industry be willing to supply at a price of $200? What about at a price of $250? What about $300? $350? $400? ii) Use your answers to graph the long-run supply curve for the industry, that is, the quantity of output the indus..
Thomas Edison once complained that he was not making a profit selling light bulbs because his factories were operating 25 percent below capacity.
If a new home can be constructed for $150,000, what is the opportunity cost of federal defense spending, measures in terms of private housing? (assume a defense budget of $600 billion)?
Illustrate which national financial policy programs are best for addressing the problems in the U.S. economy
All firms in a Cournot monopolistically competitive industry have the same cost function C (q)= 25 + 10q. Compute the equilibrium price, total output, firm output and number of firms in the industry.
OPEC oil cartel becomes subject to this tension or conflict such that the cartel gives way to a more competitive oil market resulting in a dramatic decrease in the world oil price.
1) when inflation rises quickly, borrowers will be hurt or lenders if the actual inflation rate is less than the expected inflation then:
Suppose that Al, Beth, Carol, David, and Ed receive incomes of $500, $250, $125, $75, and $50, respectively. Create and interpret a Lorenz particular level of total income.
After two years the City of Plentiful is faced with a fiscal crisis and decides that it wants its garbage back.
give answers for below questions in detail....nbsp nbsp nbsp nbspa show how to find equilibrium in an rc model
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