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Q. A business employing 8 workers to produce commemorative t-shirts for campus events organizations. They are currently producing 2000 shirts per month with average total cost of $8.00, average fixed cost of $2.00, and marginal cost of $10.00. Calculate the following:
a) average variable cost
b) total fixed cost
Q2. Does Keynes use the term 'classical economists' in the normal sense? Explain.
Provide one quote and its context for both a positive and normative statement. Explain your choices. Estimate the statement choices of your fellow students.
Illustrate what is the present value assuming a discount rate. Level of consumption or saving will be illustrate what.
Illustrate what type of industry benefits the most from technological innovation? Select an article from either either a peer reviewed or current popular periodical on an industry of your choice and discuss this question from the perspective of th..
What explains that ATC is U-shaped for two reasons. The first is the existence of diminishing marginal product.
The fact that a percentage of the interest income paid by one corporation is excluded from taxable income has encouraged firms to use more debt financing relative to equity financing.
Contraction GAP, Illustrate what does a Contraction Gap imply about the actual rate of unemployment relative to the natural rate.
Why should this policy be undertaken under conditions where economy is at some GDP level less than full employment level? You may use a long run aggregate supply curve to bolster your argument here.
Illustrate what does a contraction Gap imply about the actual rate of unemployment relative to the natural rate
q. clarke mementos manufactures small figurines that they sell to retailers around the country. clarke sells the
Suppose that the US government determines that cigarette smoking creates social cost not reflected in the current market price an equilibrium quantity of cigarettes.
Calculate the predicted percentage change in tickets sold. Would you expect ticket revenue to rise or fall.
Suppose individuals require a certain level of food (x) to remain alive. Let this amount be given by X0. Once X0 is purchased, individuals obtain utility from food and other goods (y) of the form.
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