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Suppose the short-run production function is q = 6L^2. If the wage is $12 per unit of labor, then:
1.) What is the average variable cost?
2.) What is the marginal cost?
For depreciation purposes, the purchase cost of the warehouse is divided into $100,000 in land also $400,000 in building. The building is a CCA Class 1 asset also is depreciated accordingly.
Illustrate what is the difference among the short-run also the long-run for a perfectly competitive firm in terms of costs also profits.
elling price of another product Y in dollars per unit. The inverse delivery curve. Conclude whether X also Y are substitutes or complements.
Could you reduce the cost of producing 1,800 pots per day by adding a pottery machine to your production process and reducing the amount of labor. Explain why or why not.
The moral hazard is the degree of risk that the insurance company is taking in order to provide coverage on the individual.
Illustrate what might cause the world interest rate to rise.
Substantive responses use theory, research, and experience or examples to support ideas and further the class knowledge on the discussion topic.
What are coral reefs Status of coral reefs Threats to coral reefs Uses of coral reefs what is a Coral Reef. Fleshy sac topped with ring of tentacles around central mouth opening what is a Coral Reef.
Do you think the industry environment is significantly dissimilar today.
Draw a graph of the market for chewing gum. What are the equilibrium price and quantity? Mark the equilibrium price and quantity in the graph.
Calculate velocity of money when price level is 10, national quantity of output is $200 billion and money supply is $250 billion.
The City library in Amritsar has several private study rooms which are freely available to clients.
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