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Let the cost function be C= 100 + 4q+ 4q(2).
Derive an expression for average cost. Derive an expression for marginal costs. Is there any range of production characterized by scale of economies? At what production level are scale economies exhausted?
The economy for latest commercial equipment has dropped in the last seven quarters. You require a latest niche. You are the CEO. You will not fire anyone.
Two consumers Jorge and Admen, together own 1,000 baseball cards and 5,000 Pokémon cards.
Abstracting from any other factors, what is the range for rates of exchange of modems for DVD drives that will now include Northland
the government limits the amount of land that can be devoted to tobacco production. Are these two programs at odds with the goal of reducing cigarette consumption
sofa manufacturer presently is using 50 workers also 30 machines to produce 5,000 sofas a day.
Develop hypothetical supply and demand schedules for your good or service. Plot the schedules onto your graph and label the curves with D for demand and S for supply.
A farmer has a production function f(L) where the input is capital (L). The cost of this loan is L(1+i). The farmer also has an outside option (loan from family member) which generates a profit of A.
Illustrate what would happen to the firm revenue if it decided to charge a price above $354.
Talk about the ramifications involved in conducting business under both/either scenario.
Enter a whole number as your answer, if you match up pairs of buyers and sellers so as to maximize the total surplus of all transactions.
Explain which of the two classmates would you prefer as a partner. Would he also want you as a partner.
Elucidate how does the price of fertilizer compare to the average total cost, the average variable cost also the marginal cost of producing fertilizer.
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