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Suppose the cost of producing q cars is given by c(q) = 7500 + 2000qa. What is the variable cost of producing 10 cars?b. What is the marginal cost of producing the 10th car?
Discuss and explain the components of GDP in the output approach and in income approach, NDP, NI, PI, and DI.
The approximate number of years it takes for real GOP pee person in Japan (0 double if the real GDP economic growth rate returns to 3 percent a year and the population growth race is maintained
Calculate a perpetual equivalent annual cost (year 1 through infinity) of $5 million in year 0, $2 million in year 10 and $100,000 in year 11 through infinity. Use an interest rate of 10% per year.
Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.
Prefer this existence of incomplete specialization. Which is (are) inconsistent with the incomplete specialization we observe in China.
Give three reasons why firms produce in Germany rather than in a lower-wage country.
Explain what does the transaction of a buyer and seller directly affect a third party. Is the effect a negative or positive externality.
The demand for health club services is Q = 350 − 2P or the marginal cost of providing these services is MC = 110 + 2Q.if a two-part tariff pricing system is used what is the optimal price or quantity combination.
Suppose that, on the basis of a nation’s production possibilities curve, an economy must sacrifice 10,000 pizzas domestically to get the 1 additional industrial robot it desires but that it can get the robot from another country in exchange for 9000 ..
Illustrate what did classical economists assume about the flexibility. What disagreements did Keynes have with classical economists.
Construct a graph showing supply and demand in the electronic dog feeder market and how are the laws of supply and demand illustrated in this graph? Explain your answers.
You are the manager of a firm in a new industry. You have gotten the jump on the only other producer in the market.
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