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The wood-pallet market contains many identical firms, each with the short-run total cost functionSTC(Q) = 400 + 5Q+Q2: whereQis the firm's annual output (and all of the firm's $400 fixed cost is sunk). The corresponding marginal cost function isSMC(Q) = 5 + 2Q. The market demand curve for this industry isD(P) 262.5 -P/2, wherePis the market price. Each firm in the industry is currently earning zero, economic profit. How many firms are in this industry, and what is the market equilibrium price?
production function fx1 x2 x1x2. the prices for the inputs are 2 and 8 respectively.a. if x2 is fixed at x210 derive
Find the optimal solution to this problem using the simplex method. Write out each simplex tableau, and show all your work in arriving at each tableau. Clearly label each tableau.
Explain the shape of this curve using the expectations hypothesis, the segmented markets hypothesis, and the preferred habitat hypothesis.
Describe four changes to the traditional 7-Eleven supply chain that the move to fresh foods will require. In addition, discuss four advantages that 7-Eleven can gain by outsourcing all or most of the fresh food supply chain responsibilities.
Select a topic, one in which you are interested, and for which there is enough information. If your topic is too broad you will have difficulty completing your report in the time allocated. Example: 'The effects of pollution' is too broad because the..
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Draw the payoff matrix. Make sure to include the players, actions and payoffs and determine the Nash Equilibrium or equilibria for this game. Explain the intuition behind your result.
Use the mid-point formula to calculate the price elasticity of supply (arc elasticity) for a given product under two scenarios: When the price of a good is $100, 25 units are supplied. But when the price increases to $125, 30 units are supplied.
Illustrate the above relationship between income and savings rate using a graph with income on the x-axis and total savings on the y-axis. B). Will a government policy to redistribute income to achieve less income inequality potentially help or hurt ..
Key concepts to include in your paper-data trends on unemployment, inflation, GDP growth, expansionary fiscal policy tools, FOMC, easy money policy tools and other terms from this class.
It is estimated that the maintenance cost on a new car will be 400 the first year. Each subsequent year, this cost is expected to increase by 100.
demand can be estimated with experimental data time-series data or cross-section data. in this case cross-section data
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