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Suppose fixed costs are $500, and the total costs of producing 100 units is $4000.
a. What are the variable costs of producing too units.
b. Write out the total cost equation assuming variable costs are linear.
c. What is the marginal cost of the 50th unit of output?
d. What is the average total cost of the 50th unit of output?
e. What is the average variable cost of the 50th unit of output?
The Inverse demand function is P=10-2D, if a consumer's demand is 2. Calculate the consumer surplus.
where L is labor, K is capital, and N is land. In this economy the factors of production are in fixed supply with L = 100, K = 100, and N = 100.
Spend 2 or 3 hours observing the organization in which you are employed. During the observation, identify internal and external interactions of the organization. You can talk to stakeholders who might have information relating to external interact..
What do we call a new firm focused on creating and introducing a particular new product or employing a specific new production or distribution method?
Suppose a small city dry-cleaning market, which is monopolistically competitive. Currently, the typical dry-cleaner is charging $5 an product.
Affects of investment of ldc:-Pick one country that has done well with investment(All good point)-Pick one country that has failed with private investment.
Define monotonic preferences. - Form the Lagrange function associated with this utilitymaximization problem, find the first-order condition.
After suffering two years of staggering hyperinflation, the African nation of Zimbabwe officially abandoned its currency, the Zimbabwean dollar, in April 2009 and made the U.S. dollar its official currency. Why would anyone in Zimbabwe be willing to ..
According to the Heckscher-Ohlin theorem, trade arises are due to
Picabo borrows $1,000. To repay the amount she makes 12 equal monthly payments of $90.30. Determine the following: The effective monthly interest rate
Use the AD-AS model to predict short-run changes to real GDP and the aggregate price level if the stock of physical capital is relatively small and falling. Explain your reasoning.
Explain the process or mechanism underlying how a market-based economic system allocates scares resources. Identify how this process might differ from a centrally planned or command economy.
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