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1) The average variable cost is AVC = 3500 - 6Q + 0.005Q2
a. If the industry is competitive, estimate the shut down price.b. If the market price is below the shut down price, regardless of fixed cost, explain why the firm should shut down.c. Using this information, draw the firm's short run supply function.
2) The price elasticity of demand for a textbook sold in the United States is estimated to be -2.0, whereas the price elasticity of demand for books sold in overseas markets is -3.0. The U.S. market requires hardcover books with a marginal cost of $24.00 while the overseas market is normally served with soft-cover texts having a marginal cost of only $18.00. Calculate the profit maximizing price in each market. How might these prices become equal?
When 50 employees are used, the average product of labor is 50 and the marginal product of 50th worker is 75.
Explain how does the reserve ratio set by the Federal Reserve affect the ability of banks to make loans. Name the tools of the federal Reserve Bank. Which is most important?
Illustrate what would be a good company with a product or service that would be worthy of further exploration down the line and why.
Over the past recent months it has been selling its widgets for $100 each and unit sales have averaged 5,000 units per month.
Illustrate what is the correlation between all of these, and the level of unemployment and spending therefore GDP.
Illustrate what does this have on the monetary base, the money supply, total deposits, and economic growth.
A company in a perfectly-competitive industry where market price of output prevailing is $50 per unit has a cost function where;
Compute the abnormal return of Stock Z if the market price is $13.68, the risk-free rate is 4 percent, the return on the marketplace portfolio is 10 percent.
the wages of players have raised enormously, in particular the salaries of high-quality pitchers.
write down the paper only to give a substantive feedback based on accounting concepts relative to price management
Let's say, country A and B both consume and produce only food and clothing. Both countries use only labor to create these two products.
Suppose Harrod-Damar model with fixed capital-output ratio. Suppose that the country saves 20 percent of its income and has a capital or output ratio of 4.
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