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Suppose you estimate the following cost equation: AVC = 4832 – 0.5(Q) + 0.00007(Q)2 At what quantity is AVC minimized Suppose this firm sells 3500 units per month at a price of $4000.00 each and has fixed costs of $10,000 per month. What is the firm’s monthly profit? Suppose this firm operates in a perfectly competitive market. Is it producing the profit maximizing quantity for the current price? Why or Why not?
Draw a graph for an individual with a strictly concave expected-utility function, who has wealth y and faces the possibility of a loss L which occurs with probability p. Show expected wealth, expected utility, certainty equivalent and risk premium. L..
Perfectly competitive factor and output markets are similar in that when both are present both generate:
Analyze the microeconomic environment of corporate operations. Assess the impact of ethical and regulatory considerations on economic decisions. Analyze the macroeconomic environment of corporate operations.
Tom was a tall man who operated a successful restaurant that he owned. He believed that tall people commanded more respect in a restaurant. Accordingly, he never hired a waiter or waitress who was less than six feet tall. After a few inquiries, she l..
Illustrate what are some more common restrictions on the activities of multinational corporations in host countries
Write down equation that can be solved for yield to maturity of this bond: that is, equation that equates Current value of bond payments to cost of bond. Estimate Current value of bond when interest rate is 8%.
The wheat industry faces the following demand and supply curves: Qd = 800 - 4P Qs = 100 + 3P 41. Determine the equilibrium price and quantity. Calculate the income of all farmers in the wheat industry at the equilibrium point. Calculate the income of..
During 2009, the demand for LCD televisions appeared to be falling. At the same time, some industry observers expected that several smaller television manufacturers might exit the market. What would a price ceiling set below the resulting equilibrium..
Recently there has be a drive to increase the production of alternative fuels from corn. The argument used by many is energy self sufficiency. In light of the desire to reduce our use of foreign produced oil, many have suggested we should subsidize t..
crew brew of wisconsin plans to build a microbrewery on a small stream in that state. after sampling water from the
Mutual interdependence occurs when
Select a scene from your childhood that brings back happy memories. This might be the bedroom where you grew up, a park, a meadow or field, a vacation spot your family visited, a classroom, etc. Create two paragraphs presenting this setting to your r..
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