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Q1. Brian also Kim own a business employing 8 workers to produce commemorative t-shirts for campus organizations also events. They are currently producing 2000 shirts every month with average total cost of $8.00, average fixed cost of $2.00, also marginal cost of $10.00.
Q2. Describe at least three ways you could pay for your morning cup pf coffee. Illustrate what are the advantages also disadvantages of each?
Q3. Describe four advantages of using price as a allocating mechanism
Homer's boat manufacturing has a monopoly on boat sales in the region. Homer's marginal cost of the 8th boat produced is $1,200. He produces only eight boats and can sell all eight boats for $1,500. The elasticity of demand at this price is -2. Is..
You find that your paycheck for the year is higher this year than last. What does that mean that your real income has increased. Explain carefully.
The Dodge City Bank is planning its loans for the next several years, and is using a model of loan demand developed from past experience. Fred Smith is responsible for developing the mortgage loan component of total loan demand.
Suppose firm sets an entry fee plus per-unit price for each consume. It can tailor entry fee and per-unit price to individual consumer. Illustrate what are best (profit-maximizing) entry fees and per-unit prices for it to set. Illustrate what is t..
If personal taxes were decreased and input productivity increase simultaneously, the equilibrium: output would rise, fall, price level would necessarily fall, or price level would necessarily rise.
Original owners must sell their used cars. Original owners know what their cars are worth, but buyers can't determine a cars quality until they buy it.
Describe the coefficient of correlation between the two variables. Interpret the value. Is it reasonable to conclude that there is a positive relationship between revenue and occupied rooms.
Imagine that last year, Jennifer earned $80,000 in salary, and consumed $50,000 in goods and $23,000 in services. How could we best categorize the remaining $7,000.
q.this has 3 parts so id like it to use my 3 questions if it can be counted as 1 please.alchem l is the price leader in
By what percentage would GDP be boosted if the value of the services of stay-at-home spouses were included in GDP
What can be accomplished about the impact of transportation costs on the price of the traded product in each trading nation.
Clarify why might the Homo sapiens production possibilities curve have shifted outward to right much more rapidly than persons of Neanderthals.
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