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Q1. A firm in a purely competitive industry is currently producing 1000 units every day at a total of $450. If the firm produced 800 units every day, its total cost would be $300; also if it produced 500 units every day, its total cost would be $275. Illustrate what are the firm's ATC every unit at these three levels of production?
Q2. After wearing seat belts became malsoatory, drivers reacted by driving faster also less carefully. This is consistent with Illustrate what Principle of Economics?
Explicate the difference between balanced growth strategy and unbalanced growth strategy.
State the rule for optimum input allocation to produce a given level of output at the lowest possible cost -when two inputs are variable and the prices of the inputs are given- and explain why it makes sense.
Operations manager estimates assembly time required for first two units to be 10.4 hours and 8.3 hours, respectively. What is appropriate learning curve.
Illustrate what is Consolidated Company's total profit under this condition.
If the federal government chooses to increase government expenditures explain the three methods of financing the expenditures in terms of: which is the most expansionary, what are the negative effects of each, and which is the most inflationary.
Some people are saying which majority of the budget deficit are funds which some branches of the government owe to other branches.
Explain why are changes in inventories included as part of investment spending
how many standard errors it is away from zero. If it is not very far from zero n we might ignore it; if it is far away from zero n we might consider it important. But how far is ‘far'.
Calculate the average cycle stock for this item using the order quantity in part a.Assuming there are 12 periods per year, calculate total cost per year.
illustrates the likely effect on the marketplace for eggs. Indicate in each case the impact on equilibrium cost also equilibrium quantity.
It has been claimed by a well-known papyrologist that during the 4th century the rise of prices in Egypt was a consequence of the debasement of the currency: each price rise reflected a reduction of the silver in the coins. Discuss critically.
Determine the impact on the economy if the central bank in U.S. used inflation targeting.
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