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Q1. An industry has a fixed cost of $500 in its 1st year of operation. When the industry produces 100 units of output, its total costs are $4,500. The marginal cost of producing the 101st unit of output is $300. Illustrate what is the total cost of producing 101 units?
Q2. To many upscale home owners, no other flooring offers the warmth, beauty also value of wood. New technology in stains also finishes calls for regular cleaning that takes little more than sweeping also/ or vacuuming, with occasional utilize of a professional wood floor cleaning product. Wood floors are also ecologically friendly since wood is both renewable also recyclable. Buyers looking for traditional oak, rustic pine, trendy mahogany, or bamboo can select from a wide assortment.
Consider an employee who does not receive employer-based health insurance and must divide her $700 per week in after-tax income.
Illustrate what are the key determinants of Spectrum Healthcare Resources fixed cost and variable cost in short-run.
Assuming that under cost controls rationing is as inefficient as possible while under the quota, the allocation is as inefficient as possible.
Firms raise capital from investors by issuing shares in the primary markets
Illustrate we know about the effects of mandatory seat belt laws, which of the following groups would be most likely to mount a campaign to repeal those laws.
Provide examples of two industries with different time frames for the short run. Clarify why this is the case.
Draw and show the change in the PPF when an outbreak of avian flu sickens millions of agricultural and industrial workers.
An 83-year-old woman is placed at a small table in a dark corner of a trendy nightclub also is ignored by the staff.
The market demand also supply functions for a raw chocolate are estimated.
Prepare a recommendation for each company. Should your recommendations be the same for both companies
Illustrate what would be the new equilibrium price of hoods to the truck manufacturer.
Explain how do you calculate the cost index using the nominal GDP to get the real GDP in billions
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