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The Smythe chicken farm outside Little Rock, Arkansas, produces 25,000 chickens per month. Total cost of production at Smythe Farm is $28,000. Down the road are two other farms. Faubus Farm produces 55,000 chickens a month, and total cost is $50,050. Mega Farm produces 100,000 chickens per month, at a total cost of $91,000. These data suggest that there are significant economies of scale in chicken production. Do you agree or disagree with this statement? Explain your answer.
Calculate the mean income class for those individuals with private, employer sponsored insurance. Is this greater than or less than the mean income class for those with private, individually purchased insurance? Any thoughts regarding the compari..
1 suppose the cfo of a german corporation with surplus cash flow has 1 million euros to invest. suppose that interest
Explain how does the marginal price for a product like this differ from a product like automobiles. What relevance might there be to this difference.
Most engineering students own a computer. What cost have you incurred at each stage of your computers life cycle Estimate the total cost of ownership. Estimate the benefits of ownership. Has it been worth its.
For each level of output, calculate this manufacturer's marginal cost (MC) (For convenience, place the Marginal Cost between 0 and 1 boat on the second row, the Marginal Cost between 1 and 2 boats on the third row, and so on)
If Jose's utility function is U(q1,q2) = q1 + A*(q1)^a)(q2^b)+q2, what is his marginal utility from q2? What is his marginal rate of substitution between these two goods?
According to Gerald Baker, columnist for London Financial Times, November 23, 1999, "In the US, banks are, by whichever measure chosen, in unusually good shape for this stage of an expansion.
Discuss the importance of the interest rate to individuals; in particular, comment on how changes in the interest rate affect income allocation - What is the relationship between interest rate risk and maturity?
the following model is a simplified version of the multiple regression model used by biddle and hamermesh 1990 to study
Discuss the short-run effect on output, unemployment, general price level and interest rate with a substantial increase In the factor cost of production.
Elucidate who decides whether these particular products should continue to be produced and offered for sale. How do these decisions differ between capitalist and socialist systems.
Each of the following headlines describes an event that will have an effect on desired aggregate expenditure
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