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The manager of Green Chemical Co. has been informed that this year’s production target Q for organic fertilizer (in millions of tonnes) is 20. The manager is asked to allocate the production across the company’s two plants. The average total cost and marginal cost curves for each plant are described as follows: Plant A: ATC{A}= (20/q{A})+4 ; MC{A} = 4 Plant B: ATC{B}= ((5/q{B})+(q{B}/4)) ; MC{B} = q{B}/2 where ATC and MC are in dollars per million of tonne; and A q is the quantity produced (in millions of tonnes) by Plant A and B q is the quantity produced (in millions of tonnes) by Plant B. a) Graph the marginal cost curve for each plant. b) How should the manager allocate the production between the two plants so as to minimize total cost? What is the resulting total cost?
A political campaign manager must decide whether to emphasize television advertisements or letters to potential voters in a reelection campaign.
A monopolist faces the inverse demand curve P = 22 ? Q/(100z), where z is an index of quality. The monopolist incurs a cost per unit of c = 2 + z^(2). (a) How do increases in product quality z affect demand?
The income statement that classifies costs by their behavior is called the:
Provide one quote and its context for both a positive and normative statement. Explain your choices. Estimate the statement choices of your fellow students.
What are the major causes of currency crises, and how can countries prevent these types of crises? What should be done if a crisis occurs? Use the interest rate parity model of exchange rate determination to explain what policies should be followed d..
A county is considering using a piece of park land for one of two alternative recreation projects.
Which of the following statements do economists NOT agree on?
For both options, your interest rate is 6% compunded monthly. If the car has a value of S after the 36 months period, what is the value of S that would make both options A and B economically equivalent?
Utilize the sticky-income theory of cumulative provide to explain illustrate what will take place to o/p also the price level play in this adjustment
Changes in tax laws and deliberate government purchases that are made to help the economy recover from a recession are known as ____________.
In the past, some people believed that the Federal Reserve routinely expanded the money supply during presidential election years in order to stimulate the economy and help the incumbent president. For this question, assume that the Fed increases inf..
What is Employee Productivity and briefly explain the methods or techniques to improve employee productivity in an organization.
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