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Q1. Since the GDP is a total market value of final goods and services produced within a country over time. Why is this a reflection of this country's cost of living so varied making expenditures so hard to managing for a given time frame?
Q2. Does accounting profit or economic profit determine how entrepreneurs allocate resources between different business ventures.
Q3. If the price is $10 and marginal revenue equals marginal costs at $7 at a quantity of 400 lbs. If the firm's profit at that point is $800, find the average total cost.
the total quantity of monthly account across all internet providers increases from 90,000 to 190,000. What is the value price elasticity of demand? Is the demand elastic or inelastic?
Consider a league with two teams that might engage in doping. If neither team engages in doping, the odds that Team A will win the league championship are 65% and the odds that
Illustrate what is the airline's profit-maximizing fare? How many passengers does it carry per week, using how many flights.
What will be the final level of production for the market (after a Cournot equilibrium is reached)? How much is produced by each firm?
Hypothesize the basic short-run also long-run behaviors of the model in the industry you have chosen in a "marketplace economy."
The number of days' sales in inventory. Round to nearest dollar and one decimal place. Illustrate what conclusions can be drawn from these data concerning the inventories.
A monopolist faces demand given through: P=100-4Q and has marginal costs given through: MC=10+2Q Create the demand, marginal revenue and marginal cost curves. Compute and demonstrate how much this firm will sell and what it will charge.
The manager of the aerospace division of General Aeronautics has estimated the price it can charge for providing satellite launch services to commercial firms.
What would happen to the amount of economic investment made today if firms expected the future returns to such investment to be very low.
Illustrate what is the expected value of the future share price? b. Sharon buys a ticket in a small lottery.
Assuming that a merger faces some threats also that the industry decides on self-expansion as an alternative strategy.
Briefly describe what globalization means to you, to your company or organization, and to Canada using the principles of the Circle of Reflection. List influences that you believe it will have on stakeholders.
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