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A firm has the following total cost function TC(Q) = Q3- 24Q2+ 200Q + 500
(a) What is this firm's fixed cost?
(b) At what level(s) of output does the firm's marginal cost equal $50?
How will these actions affect the macroeconomic variables in the short run: Price, output, and unemployment? What are the possible effects on the same variables in the long run?
a firms long-run total cost curve is tcq 100q 0.5 . derive the equation for the corresponding long-run average cost
In Cournot-von Stackelberg for b > 0 and Bertrand-von Stackelberg for b 0, the follower has smaller profits than if there is no leader. What intuitive explanations can you give for these observations?
Assume that annual inverse demand for a particular product is P = 150 - Q. the product is offered by a pair of bertrand competitors each with marginal cost of $75. and discount factor 9. Assume R&D is conducted at rate x, and incurs one off costs of ..
One of the protections afforded to a debtor heavily in debt and facing numerous creditors who are ready to foreclose on personal and real property is
What is the law of supply, and what are the factors that cause shifts in supply? What is the law of demand and why is it important?
The availability of investment capital is critical for a market economy to grow. Explain how this investment capital is transformed into fixed capital goods, new technology, and cost reduction using new methods of production.
Using the following information, calculate total utility and marginal utility.a. Plot the total utility curve.b. Plot marginal utility directly below total utility.c. At what marginal utility value does total utility reach a maximum?
show a t-account for a bank when you make a deposit of 1000 into your checking account. assume the reserve ratio is
a major new client has requested that your company present an investment seminar to illustrate the stock valuation
Consider the following game: There are 5 pirates on a boat, conveniently named P1, P2 P3, P4 and P5. These 5 pirates have just dug up a long lost treasure of 100 gold pieces. They now need to split the gold amongst themselves, and they agree to do..
1. Engineers at a national research laboratory built a prototype automobile that could be driven 180 miles on a single gallon of gasoline. They estimated that in mass production the car would cost $40,000 per unit to build. The engineers argue..
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