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Suppose a firm has total cost function given by TC(Q)=10Q+70. What are its marginal costs when producing 10 units of output?
Elucidate how will looming fears of a recession expected to decrease consumers incomes by 4 percent over the next year impact the quantity of coffee Starbucks expects to sell.
Nancy Folbre argues that children are closer to being public goods than they are to being pure private goods. What are the major elements of this argument Do you find the argument persuasive. how the costs of children should be borne
Suppose the Bulyanhulu mine always producesat the scale where its marginal cost equals the selling price ofgold. Its marginal cost curve however, shifts with changes inelectricity process, wages and other factors.
Solve for the elasticity of demand as a function of the market price. Draw this function for P [1/3, 2/3]. Suppose a (small) sales tax is imposed on potatoes. Would the burden of the tax fall mostly on consumers, mostly on producers, approximate..
Suppose that a firm in a perfectly competitive industry has the following total cost schedule; Compute a marginal cost and an average cost schedule for the firm.
Provide an update on the economy-where is unemployment, what is the outlook for the deficit, what are the overall predictions for 2010 - 2012?
Your organization has invested $6 million in a new Trilithium crystal technology project. The company will generate huge profits if the project is successful.
The demand and supply functions for sweatshirts (the basic grey kind) are as follows: Price Quantity Demanded (per period) Quantity Supplied (per period) $10 14,000 21,000 9 14,500 18,000 8 15,000 15,000 7 15,500 12,000 6 16,..
The demand curve faced by a industry in a monopolistically competitive industry which is more elastic than the perfectly competitive firm's demand curve.
Suppose we start at a position where we are at full employment. Explain what effect a contractiory fiscal policy would have on the price level and real GDP starting from full employment equilibrium. What would the effect be if we had and expansionary..
First, read Fuguitt and Wilcox, pages 181-183. Then, from the Stock and Watson text Web site find a data file CAschooldistricts that contains data on school districts for 420 districts in California. A detailed description is given in CAschool_D..
you want students who don't know the answer to a question to have no incentive to guess, but no incentive to leave the question blank, either. If your questions all have four possible answers (a,b,c or d)
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