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Nokia sells a new budget cell phone. Based on information provided by the accounting department, the average variable cost is: AVC = $20 + Q
The average fixed cost is: AFC = $4,000,000/Q
where Q is the number of phones. The phone sells for $50.
Show your work/thought process:
a. Find the total cost, average cost, and marginal cost equations.
b. At what level of output is average total cost minimized?
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If I sell 22,000 units and my annual costs are technology=$5000, postage & handling=$1000, Misc=$3000, inventory=$2000, equipment=$4000, and overhead=$1000. What would my monthly costs be if my fixed costs are technology, equipment, and overhead.
Explain the CPI and why it is important. How does the CPI differ from the PPP? Provide an example to support your answer
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What happens to the supply curve for dollars in the currency market under the following conditions?
Every Saturday morning he requires his sales staff to send him a report. This report Comprises, among other thing, the number of professors visited during the earlier week.
What does the high degree of effective control of the world economy by 'the corporate tribe,' along with the extreme concentration of personal wealth in the United States in the hands of the same individuals.
Suppose that competition amongst bond brokers causes bonds to become more liquid. Using the liquidity preference model, show graphically how this will affect money demand and the nominal interest rate.
Which of the following statements regarding costs under federal awards is not true?
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