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Question: A common name for fixed cost is "overhead." If you divide fixed cost by the quantity of output produced, you get average fixed cost. Supposed fixed cost is $1,000. What does the average fixed cost curve look like? Use your response to explain what "spreading the overhead" means.
You purchase a property with a $250,000 mortgage from a bank. This is a 15-year mortgage with a rate of 4.5 %. -What is your monthly payment?
Fast-food chains like McDonald"s, Burger King, and Wendy"s operate all over the United States. Therefore, the market for fast food is a national market.
If the government regulates a monopoly's price below the socially efficient level, then:
Explain the difference between relevant and irrelevant cost - cost functions will exhibit both decreasing and increasing marginal costs?
give a numerical example to show that a monopolists marinal revenue can be upward-slping over prt of its range. hint
How would economic theory apply to conservation efforts towards water conservation? Can you identify how opportunity cost of use fits into water consumption?
A fall in the tax rate on capital will cause the aggregate expenditure curve to shirt up and aggregate demand curve to shift to the left, all else constent
Econ 111 - Principles of Economics - Accelerated Treatment - Second Midterm Examination - Fall 2014. MPS = 0.5. What is the investment spending multiplier? MPC = 0.8. What is the tax multiplier? If the government spending multiplier is 9, what is the..
Unrelated product diversification (conglomeration) is widely discredited in developed economies. However, in some cases it still seems to add value in emerging economies. Is this interest in conglomeration likely to hold or decrease in emerging ec..
a firm has total costs tc of 16000 over the next three months total for the 3 months - not per month of which 6000 are
Which statement best characterizes Adam Smith’s concept of the “invisible hand”. Those who don’t work shouldn’t eat or else.
What type of market do you think your franchise operates and What type of competition does your firm face? Who are some competitors? (Even if you said your firm is a monopoly, think of some subsitutes.)
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