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Assume you are the plant manager for Bravo Pork Rinds, which produces pork products in a market that approximates perfect competition. Due to a slow economy, business has been slow and you are losing money every month. The owners have asked you whether to continue operations or to shut down at least until the economy improves. You have the following information available: Marginal Revenue (MR) = $105 Total Cost (TC) = $1,200 + 135Q - 0.6Q2 Marginal Cost (MC) = 135 - Q As the plant manager, should you recommend to the owners that the plant be shut down for a while? Justify your answer using at least two techniques and presenting the information graphically while i am able to theoretically explain not sure how to draw it graphically
part-1assume preferences can be represented by the following utility function ux1 x2 3 ln x1 ln x2a.nbsp is the
market power may produce a level of output greater than its profit maximizing level of output to gain market share and block entry of new firms. What challenges does the firm face to sustain this practice?
Listen carefully to the following video and summarize the main points that he is making and to what extent is it related to Adam Smith's invisible hand
describe johnson amp johnson current capital structurehas the capital structure changed significantly over time?is this
Examine your Y data (excluding the hold out period) to determine if it needs to be differenced to make it stationary. Show a time series plot of the raw Y data and autocorrelation functions (ACFs).
discuss the background of federal reserves chairman ben bernanke in detail including his educational background to his
1. which of following is necessarily true regarding total utility tu and marginal utility mu?a diminishing mu implies
1. what was real gdp for 2009? a.what does gdp tell us? b.how did gdp change from 2008? c.what caused these changes?2.
Explain the predicted impact, other things equal, on the terms of trade of developing countries of relatively slow growth in demand for developing countries goods by developed countries combined with relatively rapid growth in demand by developing..
For the total variable cost (TVC), draw a positive total fixed cost (TFC) and total cost (TC) curves. Then derive the associated marginal cost (MC), average total cost (ATC), average variable (AVC).
Compare and contrast the two basic approaches to dealing with pollution caused by economic activity: the Polluter Pays Principle versus the Precautionary Principle.
Government is known to utilize a product's elasticity measures to set taxes and subsidies. Use this information to set policy on one of the following products: tobacco products, petroleum products, agriculture products, or medical products according ..
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