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Q1. "1. At point E in figure 8.4b, is MP k/r greater or less than MP l/w? 2. Explain how do you know? 3. Use this inequality to Elucidate Explain how the firm can increase output without increasing its total cost by using a different combination of inputs.
Q2. Discuss Explain how "Game Theory" can be used to improve strategic decision making in competitive situations.
Q3. If the cubic total cost function described in the text applies to the production of output by a firm, and a=0, b=400, C=-50, D=5, Illustrate what are the equations for the firm's TFC, TVC, MC, AFC, AVC, and ATC?
Explain carefully why it makes better sense to shut down rather than continue to operate or to continue to operate rather than shut down, as the case may be. How do fixed costs play a role in your analysis? What is the difference between shutting ..
Illustrate what would be the effect of poor weather on the consumer surplus, producer surplus, deadweight loss.
At a market price of $50 a batch, illustrate what quantity does Lin's produce also what is the firm's economic profit in the short run.
If there are 200 rooms also the operating costs $20,000 plus a cleaning fee of $5 per room per day, compute the profit during the one-week period.
q1. write the economic analysis section of a business proposal. this will include statements about the market structure
Show the balance sheets of Swede world only commercial bank after the initial deposits
what money growth rate should the Fed aim for to hit its inflation target in that period? If the Fed instead maintained the money growth rate from part a, what is likely to happen to inflation.
q.bob as well as nancy live in a new housing development as well as they would like to have fire hydrants installed to
Illustrate what price should the firm charge to realize the targeted profit. Illustrate what would be its (cost-based) markup ratio.
Economists discuss that there is an efficient amount of pollution abatement. Why is the efficient amount of abatement unlikely to be either zero or 100 percent?
Illustrate what would happen to GDP if a significant number of house-spouses who were previously stay home to care for their children began taking jobs and placing their children in day care.
Explain how will the economy change over time. Explain in words and using an aggregate-demand/aggregate-supply diagram.
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