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The Sunshine Corporation finds that its costs are $40 when it produces no output. Its total variable costs (TVC) change with output as shown in the accompanying table. Use this information to answer the following question(s).
Refer to the above information. The marginal cost of the third unit of output is:
a. $105. b. $25. c. $15. d. $20.
Use the two big questions of economics and the economic way of thinking to answer the following questions about the economic life of a homeless man.
Evalute any one economic model of such imperfect competition, and assess how well it explains the behaviour of real firms, and the results such behaviour might have upon the efficiency of resource allocation.
Using the specific-factors model, elucidate why you might expect to see certain capital owners and labor groups arguing against expanding trade in a capital-abundant country.
Clearly explain the factors to consider as your "fixed factor" and alternative short term and long-term decisions. Submit your analysis in a one to three page paper.
How many units will be traded at a cost of $35? At a price of $14. Which participants will be dissatisfied at these prices.
Explain how much consumer surplus exists in this market. If a $2.00 excise tax is levied on this good what will happen to equilibrium price and quantity.
Q. Explain how and why a monopoly would try to price discriminate. Serving food on weekdays to business people and retired people.
He drove this car until 2003 when he bought a Honda Civic for $18,000. If the price index in 1969 was 36.7 and the price index in 2006 was 180, Illustrate what is the price of the Dodge Dart in 2006 dollars.
Show an expression for average cost. Derive an expression for marginal costs. Is there any range of production characterized by scale of economies.
Elucidate how would an increase in airfares affect the number of highway fatalities in any one year
Viennese artist Gustav Klimt's Portrait of Adele Bloch- Bauer was sold in New York for $135 million. Illustrate using supply and demand curve.
Compare also contrast the yields also maturities for each of the securities. Argue elucidate which you would hold also Elucidate why relative to interest rate risk.
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