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Q1. Numeral stores propose film developing as a examine to their customers. Suppose that each store offering this service has a cost function C(q) = 50 + 0.5q + 0.08q2 and a marginal cost MC = 0.5 + 0.16q. If the going rate for developing a roll of film is $8.50, is the industry in long-run equilibrium? Discover the price connected with long-run equilibrium?
Q2. Explain how each change mentioned in the article impacts upon the aggregate expenditure model and then explain how such changes result in a new equilibrium in that model. Your answer should encompass discussion of changes to the level of inventories.
Elucidate and illustrate how they will help to improve the GDP as a tool for measuring the well-being of a nation.
Compute the equilibrium price of guitars and the equilibrium quantity of guitars in State College.
Find the output levels where total product and average product are maximized. What is marginal product when total product is zero?
Explain how businesses create value by integrating the production and distribution of goods, services, and information.
Using the current specifications, a new road will cost $1.5M initially, need $120K in annual maintenance, and need to be resurfaced every 10 years for $1.1M. If the highway department's interest rate is 6%, which specification is preferred?
Which of the following statements best describes the concept of a binding price floor. Suppose that the equillibrium price of donuts is $1.00 per donut.
how resource growth and improvements in technology can allow a nation to increase its production of government goods and services while also increasing its output of private goods and services
Identify someone in your life who would benefit from taking this course, and explain the reasons why and speculate on what technology might be able to do in 15 years to improve the contracting process.
What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies would be appropriate at this time?
Suppose the government is considering the imposition of a unit tax to be levied on beer producers. The view of companies is that this is just one more cost for them to bear.
the mining industry has been a major driver of economic growth in australia in the recent decade and currently accounts
Alexander Company is a used car dealership serving Los Angeles Metropolitan area. The corporation has experienced a rather sharp decline in used car prices in recent years.
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