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1. Give a brief summary of economic costs.
2. Suppose a firm operating at the minimum point of its short-run average total cost curve, so that marginal cost equals average total cost. Under what circumstances would it choose to alter the size of its plant? Explain.
3. In the short-run, why might a firm still operate even when there is a loss?
4. Suppose a firm is producing 1,000 units of output (Q). Its average fixed costs are $50. Its average variable costs are $25. What is the total cost (TC) of producing 1,000 units of output (Q)? If the price (P) of the good is $100 what is the total revenue? What is the total profit?
Country A and country B both have the production function: Y=f(K,L)=K^(1/2)L^(1/2)
1. Has Dr. Frederick done anything wrong in giving Sandra this assignment?
Identify a strategic alliance chosen company has formed and discuss how three to four of the issues from the following list have been addressed by the alliance - Adding value to products
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What employees are involved, what are their perceived inefficiencies, and how are they compensated and evaluated?
Consider the argument that government spending and borrowing harms long-run economic growth. A. Is this most likely to happen if the private spending crowded out is consumption spending or investment spending.
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what comparative and absolute advantages does the us have over madagascar and syria. what comparative and absolute
What do we mean by discounting? What does present value mean? How do you determine the net present value of an investment? Why do private discounts rates and social discounts rates differ?
Discuss the Social Security System in USA current status and future outlook. Be thorough and focus on the economic considerations. I need min of 3 references and share some personal thoughts about the situation . This will be submitted through safe a..
A coal mine operates with a production function Q = L/2, where L is the quantity of labor it employs and Q is total output. The firm is a price taker in the output market, where the price is currently 32. The firm is a monopsonist in the labor mar..
walmart is vilified by many people as being evil destroying jobs and cities. others note that it has the lowest
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