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Q1. Assume that with 400 patients per year, the SAFC (short-run average fixed costs), SATC (short-run total costs) and SMC(short-run marginal costs) of operating a physician clinic are $10, $35, and $30 per patient, respectively. Furthermore, Assume the physician decides to increase the annual patient load by one more patient. Using short-run cost theory, elucidate the impact of this additional patient on the SAVC and SATC. Do they increase or decrease? Why?
Q2. Explain how do acts of intellectual piracy hurt American companies?
A sum of sufficient magnitude is to be invested now so that starting in 10 years from now an amount of $2500 per year can be paid in each of 8 succeeding years. The unexpended money remains invested at 6% compounded annually. How much must be allo..
The net result was the Japan's automobile industry improved its productivity throughout this period relative to the US, which generally just kept up with inflation due to its already high rate of accumulated experience also relatively slow growth.
Explain how the adverse inflation shock affects the AS curve. (ii) Discuss, using AD-AS diagram, what choices the Fed now must make regarding monetary policy.
Elucidate how the strength of the economy as a whole could affect the marginal benefits also the marginal costs associated with a decision to purchase a home.
Evaluate in relation to the key export readiness requirements and identify any characteristics that may be important to the company's potential export success.
Ben bakes bread and Shawna knits sweaters. Ben and Shawna both like to eat bread and wear sweaters. In which of the following cases is it impossible for both Ben and Shawna to benefit from trade.
Illustrate what is the total opportunity cost of the day that Farmer Tony incurred for his spring day in the field planting wheat.
q1. a nation has a population of 260 million people. of these 60 million are retired in the military in institutions or
Suppose that a change in the expected inflation rate leads supply and demand to adjust so that the expected real interest rate is unchanged at 3.0 percent.
A Monetary History of the United States, 1867-1960 uncovered the empirical reality that money is pro-cyclical and leading, the classical economists went to the drawing board.
Illustrate what is the total number of wells which maximizes the sum of the profits of both firms.
What is the resulting deadweight loss relative to the competitive outcome. Compute the Lerner Index for the monopoly described in the question above.
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