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Fixed cost for a hot water line per meter of pipe is $100X + $250 per year. The cost for loss of heat from the pipe per meter is $5.4X^ -2 per year. Here, X represents the thickness of insulation in meters, and X is continious design variable. What is the optimal thickness of insulation.
Consider the market for taxi service in Washington, DC. Use demand-supply analysis to explain the effects
Which of the following would NOT necessarily promote the peaceful resolution of disputes between states?
You are the manager of a firm that receives revenues of $60,000 per year from product X and $70,000 per year from product Y. The own price elasticity of demand for product X is -2.5, and the cross-price elasticity of demand between product Y and X is..
An increase in Real GDP means that the Production Possibility Curve must move outward. There is no cost to the macro economy of current consumption. Increased Capacity Utilization means that the PPF is moving outward.
Using the debt-relief Laffer curve, make the case that debt relief can be in the best interest of both the developing and developed countries.
q1. the simple is-lm model predicts which cutting the governments budget deficit will reduce output in the short-run.
The fastest growing category of government expenditure is. The increase in the amount that the government collects in taxes when the economy expands and the decrease in the amount that the government collects in taxes when the economy goes into a rec..
In a monopolistically competitive market, the rule for maximizing profit is to set MR=MC, which means. Perfect competition displays________________________ because the social benefits of additional production, as measured by the price that people are..
what single payment at the end of year 5 is equivalent to an equal annual series of payments of $800 beginning at the end of year 3 and ending at the end of year 12? The interest rate is 8% compounded annually
Illustrate what technologies are utilized. Describe the competitive environment within the industry. Is there a dominant firm.
Impatient individuals with low attention span usually have. Is it fair and ethical for a minor to take advantage of the protection accorded by the law to breach a contract made with a person who believed the minor to have reached the age of Majority?
An article in The Economist (2015) described how the price of Longjing Green Tea in Hangzhou Zhejiang in China had increased 30-fold between January to April 2014. Explain why the price of Longjing Green Tea has increased. Discuss what is likely to h..
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