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Two suppliers have been contracted by a government agency to provide a total of 100 hours of training services to help agency employees learn how to use a new computer system. The marginal cost curve of firm 1 is MC1=100+.2Q1, while the marginal cost curve for Firm 2 is MC2=90+.4Q2. There are no fixed costs. Each firm provides 50 hours of training services each week.
a. What is the total cost to firm 1 of providing 50 hours of training?
b. What is the total cost to firm 2 of providing 50 hours of training?
c. What is the marginal cost of training for firm 1 at 50 hours of training?
d. What is the marginal cost of training for firm 2 at 50 hours of training?
e. Is this the least costly division of training services between the two firms? If not, which firm should produce more, and which should produce less?
An increase in credit card fees causes people to use credit cards less often for transactions and demand more money. (a) Using a correctly labeled graph of the money market, show how the nominal interest rate will be affected.
Write the results of each expression. Use the proper type (such as .0 for a double). Note that a variable's value changes only if you re-assign it using the = operator. Discuss any errors you make with your neighbor.
Elucidate is the fiscal policy expansionary or contractionary.
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The late Milton Friedman often wrote that instead of imposing countervailing duties on subsidized foreign goods, the United States should write a note of thanks to foreign taxpayers. Do you agree?
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analyze the internal environment of the Eaton Corporation to determine that company's strengths and weaknesses. Based on the strengths and weaknesses you discovered, determine what steps the company could take to positively impact the company's co..
Suppose the monopolist charges a single-price for its product. Given this assumption, find the answers to the following questions: a. What is the profit maximizing quantity and price for this single-price monopolist?
On a typical day, Park Place Clinic writes 1,000 dollar in checks. It generally takes four days for those checks to clear.
Draw a decision tree in the Excel Worksheet named "Model" using the 4 health states as determined in the Eur Heart Journal trial (4). Calculate the drug costs for each health state for each arm - use the "Costs" worksheet (4)
Suppose, in a given week, float raises $900 million, Treasury deposits at the Fed rise $1500 million, discounts and advances decline $200 million, and foreign deposits at the Fed increase $150 million.
Explain how might I have reallocated my spending so as to maximize my total satisfaction from pizza and coffee.
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