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Suppose a firm with the usual U-shaped cost curves is producing a level of output such that its short-run costs are as follows: ATC = $0.37 per unit, AVC = $0.32 per unit, AFC = $0.05 per unit, MC = $0.43 per unit. Given these short-run costs, as the firm increases its output, which of the following statements is true?
A) Marginal product of the variable factor must be increasing.
B) Average product of the variable factor must be increasing.
C) Marginal product of the variable factor must be decreasing.
D) The point of diminishing average product of the variable factor has not yet been reached.
E) Marginal product of the variable factor is at its minimum point.
In recent business publications, find case study in which changes in the maco enviroment play a major role in influencing a firm's competitive strategy. Contrast this with a second case in which micro factors play a more important role.
Should owners of a private company contemplating an IPO a sale of stock to the public release information about the company.
If Kevin agrees to an $18,500 alimony payment, what is the after-tax cash flow for Kevin and Elizabeth? By how much does their cash flow improve over the proposed $15,000 payment?
The near $100 oil price a barrel has enormously affected the U.S economy and has resulted from improvement of oil infrastructures. There has been a 9 percent or more oil contracts rise since January.
Think a nation with no income maintenance program that enacts an Earned Income Tax Credit similar to United States.
Use quintiles to briefly summarize the degree of income in equality in the united states. how and to what extent does government reduce income inequality?
Suppose a natural real output in the economy of Eudemonia grows at a steady rate of 3 percent per year. In the past, velocity has been approximately constant, and the Eudemonia Central Bank (ECB) has maintained a target rate of growth of 4 percent
Now calculate the percent change in the GDP price deflator (P) during this 1973 - 1975 recession.
The Federal Reserve buys bonds in the open market, an open market purchase. What are the affects on monetary base, the money multiplier and money supply. The choices are increasing, decreasing, or unchanged.
You are a manager in a perfectly competitive market. The price in your market is $14. Your total cost function is C(Q)= 10 + 4Q + .5q(squared). What is your max profit in the short run?
In which of the following circumstances is expansionary fiscal policy more likely to lead to a short-run increase in investment? Explain?
Explain how does the increase in the after-tax price depend on the price elasticity of demand
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