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Q. The Warren & smith company manufactures commercial zippers of the two kids, X and the kind Y. Its production department estimates that the average cost function of the firm is
AC=X^2 +2Y^2 - 2XY -2X- 6Y +20
The manager of the firm would like to know the level of output of zipper X and zipper Y at which the average cost of the f rm is reduced also the level of this reduced average cost. The firm expects an order that will require it to produce a total output of 6 units of both kinds of zippers (each unit may be a large number of zippers), and so the manager would also like to know how many of each type of zipper the firm must produce to minimize its average cost also what its minimum average cost would be if it obtain the order. The manager gives this assignment to two researchers who use different methods to obtain their answers.Although firm expects the order to be of 6 units, determine the minimum average cost of the firm with these different order sizes.
Suppose that macroeconomics forecasters predict that economy will be expanding in near future. How might managers use this information.
Suppose you were provided a gift of a gold mine that generates $1,000 of net income every year, indefinitely. And suppose equilibrium rate of interest is 5 percent. Illustrate what is present value of that gold mine.
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Though your answer needs to be correct in terms of economic theory (so be sure to read the assigned chapters), creativity and having fun with it is strongly encouraged.
Growth rates in follower nations such as South Korea also Hong Kong averaged about 10 percent every year.
Keeping all else constant, their answer would likely differ. How do you guess the interviewed will answer? Does the difference in response matters? I
Draw a pair of utility curves, one for X and one for Y, and label the positions immediately after the innovation (before any migration) as x for city X and y for city Y. Use arrows along the curves to indicate that migration that follows.
Write equations for APL and MPL and graph them on the same set of axes. b. At what level of L is MPL at its maximum level? At what level of L is APL at its maximum level?
When the Finance Division computed the marginal cost of an engine, it discovered that the new engines were much more expensive than rival engines, even accounting for the expected fuel savings. No one purchased teh engine. How would you make sure ..
q. budget constraint suppose that there exists two goods in the economy soybeans s and textiles t and their prices are
sir francis galton a cousin of james darwin examined the relationship between the height of children and their parents
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