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Q1. Brian also Kim own a business employing 8 workers to produce commemorative t-shirts for campus organizations also events. They are currently producing 2000 shirts every month with average total cost of $8.00, average fixed cost of $2.00, also marginal cost of $10.00.
Q2. Describe at least three ways you could pay for your morning cup pf coffee. Illustrate what are the advantages also disadvantages of each?
Q3. Describe four advantages of using price as a allocating mechanism
Use the characteristics/features of the different market structure to determine which market structure to classify your chosen firm.
Assuming sum-of-years digits depreciation, what book value will Model-I have after two years.
Show that if the food stamps could be legally re-sold, the welfare of the household would be increased. Give one reason why food stamps should not be re-sold.
Why does a reduction in taxes have a smaller multiplier effect than an increase in government spending of an equal amount.
Contrast two or three key economic factors for this country with the United State economy also comment.
Suppose the economy is in a recession and per capita disposable income is expected to decrease by 5%, then what percentage effect on sales would you expect to take place.
Assuming the ABC bank has excess reserves of %5,000, it could prudently expand its loans by a maximum
A company's cash sales for the month are $200,000 and its accounts receivable payments for the month are $100,000. What is its total incoming cash flow.
Explain what occurs when a new technology makes another one obsolete in terms of economic profit.
Use this equation to explain the level of income at which there is a zero lower bound on the federal funds rate
Calculate the firm's optimal output and profits if prices rise to $65 per unit and also calculate equilibrium output, price and profit levels if the firm is typical in its industry.
Illustrate would be the effect on D' of decreasing the variable cost per unit by 25% if the fixed costs thereby increased by 10%.
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