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Your firm currently uses 69 workers to produce 330 units of output per day. The daily wage (per worker) is $100, and the price of teh firm's output is $30. The cost of other variable inputs is 100 per day. Fixed costs are $2100 per day. What is the total cost? What is the average cost? What is variable cost? What is average variable cost? Is the firm profitable? Should it stay in business? Should it stay in business in the short run? Should it stay in business in the long run? Show your work and explain answer.
Elucidate in writing to what market your derivation brings equilibrium and how it accomplishes this. Illustrate what are the principal differences between flexible and fixed exchange systems.
Explain why would elasticity of demand be important to you in determining the products on which the taxes should be leived.
illustrate what is the new equilibrium price and quantity. Compute the equilibrium price and quantity in this market.
Three main facts indicate that Microsoft enjoys monopoly power. First, Microsoft's share of the market for Intel-compatible PC operating system is extremely large and stable. Second, Microsoft's dominant market share is protected by high barrier to e..
Currently, boats rent for $500 per day and workers cost $100 per day. Suppose your company decided purchase 12 shrimp boats (Jenny 1 - Jenny 12). These boats are a fixed resource for the firm. Illustrate what is the short run total cost of produci..
Illustrate what is projected credit markets. How do you use this to make business decisions. Also how would investment or returns on excess cash affect a auto business.
Calculate GNP, GDP, and aggregate income. GDP = $ GNP = $ Aggregate income = $ b) What is depreciation in this year? Depreciation = $ c) What is NDP? NDP = $
What is the point price elasticity of demand at a price of $70? What is the point price elasticity of demand at a price of $60?
Firms raise capital from investors by issuing shares in the primary markets
How would I plot a marginal product curve, say, given the number of workers on the x-axis and and the number of a certain product produced on the y-axis.
Illustrate what happens to wheat farmers and the market for wheat when university agronomists discovers a new wheta hybrid that is more productive than existing varieties? show graphically.
Explain how many units of labor and how many machines would the firm use to produce 40 units in the cheapest possible way.
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