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Suppose that you can own a car wash and that its total cost function is C= 20 + 2Q + .3Q^2 where C = total cost (in dollars) per hour and Q is the number of cars washed per hour. You receive 5 dollars for each car washed.
A. what is the optimal number of cars to wash per hour?
Describe the transition from short-run to long-run equilibrium in a monopolistically competitive industry.
how should she reallocate her expenditures between the two goods
So if trade barrier is reduced the Chinese economy will go down also affects the economy of the whole world. Do you agree or disagree with this argument.
What is the future value of 24 periodic payments of $4,620 each made at the beginning of each period and compounded at 8%? What would you pay for a $194,000 face value bond that matures in 15 years and pays $19,400 a year in interest if you wanted to..
1. economics is the study of the principles governing the allocation of scarce means among competing ends when the
What is the role of the financial system? Name and describe two markets that are part of the financial system in the U.S. economy. Name and describe two financial intermediaries.
Suppose the interest rate lowered to 3.75%. What would be the market price of the bond.
Their government seeks counsel on the wisdom of a relative emphasis on health and health investment versus other forms of economic investment.
Among which of the following will cause an increase in producer surplus. Which of the following causes a shortage of a good.
A health reform plan recommends introducing a tax of $20 per day on hospital stays. How this new tax will affect hospital supply curve? Draw a diagram to illustrate your answer.
Supply of Loanable Funds, e.g., your disposable and expected future income. Discuss and predict how your decisions and transactions in the loanable funds market should change.
Why Is government intervention needed for our economy to run well. If Xavier keeps the tutor until his grade actually begins to fall, his marginal utility will be.
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