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A security system company’s total production costs depend on the number of systems produced according to the following equation: Total Costs = $10,000,000 + $2000*quantity produced. What is the average total cost of production when 20,000 units are produced
Consider the production possibility frontier for a simple two-good (closed) economy. Quantities of good x produced are plotted on the horizontal axis. Quantities of good y produced are plotted on the vertical axis. Suppose that the production of both..
Using the Mundell-Fleming diagram dealing with internal balance (IB) and external balance (EB), explain what is meant by effective policy instrument choice, being careful to identify clearly the critical elements of the diagram. Why is the EB curve p..
Why might price collusion occur in oligopolistic companies. Evaluate the economic desirability of collusive pricing.
Discuss balance of fixed and variable costs for organization. Explain how has Internet changed this balance for organizations.
EverKleen Pool Services provides weekly swimming pool maintenance in Atlanta. Dozens of firms provide this service. The service is standardized; each company cleans the pool and maintains the proper levels of chemicals in the water. At what output le..
You will make 10 end-of-year deposits of $1000 to a savings account. Then for the next 5 years no more deposits will be made. At the end of the next 15 years the savings account will have $20000. Calculate the rate of return for this savings account...
Which of the following is likely to contradict Samuel Huntington's idea that Mexican migrants to the US may not have an "Americano dream?"
q1. choose a real-life example of a firm that you think is part of an oligopoly market and describe the characteristics
Percy’s “The Loss of the Creature” provides a rather provocative way to end a semester of reading, writing and thinking about education. Write a 4-5 page essay in which you consider Percy’s ideas as they apply to a student living in a developed cultu..
Based on market research, Drexoogle has determined that the market demand for this product is Q = 2000 – p, where Q is in thousands of earpods and p is in dollars. Drexoogle’s cost function is 1000Q (there are no fixed costs). First, suppose that Dre..
Institutions that function to connect one individual's savings another's investment decisions is in summation called the. Suppose the market interest rate for loanable funds is above the equilibrium level, this means the quantity of loanable funds: B..
In order for third-degree discrimination to be possible, which of the following features is not required?
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