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Suppose Guild produces 5,000 guitars per year. Its average total cost is $90, and its fixed cost is $250,000. What is its variable cost?
when the colts won the super bowl the demand for peyton mannings jersey was p 210 - 0.002q with a corresponding
q. 1. what is the base year used to calculate the official consumer price index?2. what was the consumer price index in
Coffee prices in 1960 were .40 cents and are $1.65 in 2009. Income in 1960 was $10,000 and is $40,000 in 2009. Does this mean that society is worse off or better off in 2009 than in 1960? Under what conditions are consumers better off? Besides the ch..
Assuming that no currency leakage occurs, how much will the bank be able to lend to its customers following the Fed's purchase?
Elucidate what type of returns to scale does this technology represent.
If economy has full flexible prices and demand unexpectedly increases you would expect that the economy’s real GDP would tend to Increase, Decrease. Remain the same? What happens when demand fluctuates lower than expected? What happens when demand fl..
Do US non-profit organizations with tax exemption under Section 501(c)(3) of its Internal Revenue Code which have investments (such as university endowment funds) have to divulge these investments in any sort of filings? If so, are these required to ..
discuss the major barriers to entry into an industry.explain how each barrier can foster either monopoly or oligopoly.which barriers , if any do you feel give rise to monopoly that is socially justifiable
Recognize and utilize the vocabulary, terms and theories essential to the discipline of Economics - Describe the differences between macroeconomics and microeconomics.
How would quantity demanded and the price of this product be measured? Explain the relationship between the individual consumers’ demand and the market demand
q1. how could you use cost volume profit analysis in a products of choice. explain its benefits and limitationsq2.
Illustrate what is the average inflation rate. Elucidate how would that affect the inflation rate.
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