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The per-unit cost of an item is its average total cost (= total cost/quantity). Suppose that a new cell phone application costs $200,000 to develop and only $0.5 per unit to deliver to each cell phone customer.
What will be the per-unit cost of the application if it sells 100 units?
What will be the per-unit cost of the application if it sells 1000 units?
What will be the per-unit cost of the application if it sells 1 million units?
The costs of a purely competitive firm and a monopoly could be different because the competitive firm is unregulated. the monopoly controls the input prices. the monopoly might experience economies of scale not available to the competitive firm.
A city engineer knows that she will need $125 million in 4 years to replace toll booths on a toll road in the city. Traffic on the road is estimated to be 5 million vehicles per year. How much per vehicle should the toll be to cover the cost
The rate constant are 0.039 L/mol-1*s-1for the forward reaction (CO2 + H2O ? H2CO3) and 23 s-1for the reverse reaction (H2CO3 ? CO2 + H2O). What is the order of the reverse reaction
Vapors are likely to be non-ideal near condensation temperatures. Would you expect such behavior to make your molecular mass to high or too low?
Mary Lannoy plans to save money at her bank for use in August. She will deposit $50 a month, beginning on January 1 and continuing through August 1. If the bank pays ¾ % interest each month, how much money will she receive on August 1
What covalent bond in methyl salicylate and water were broken during reaction of converting methyl salicylate to salicylic acid?
A student wants to have $100,000 at graduation 4 years from now to buy a new Tesla. His grandfather gave him $20,000 as a high school graduation present. How much must the student save each year if he deposits the $20,000 today
The total concentration of dissolved ions in seawater is about 1.1 M, but concentrations can vary depending on the exact location and conditions.
If you hold shares in a corporation and management decides to plow back the company's earnings some year instead of paying dividends, what are the advantages and disadvantages to you
Which is the safer investment, Company A Stock, Company B Stock, or a porfolio containing half of each If you make a lucky prediction about the prices of the stocks of the two companies, will you earn more or less if you invest in that company rat..
The overall population for Region A is 125 million people. The workforce contains 67 million people. 38 million people are employed, while 29 million are unemployed. What is the unemployment rate
how will (a) an unexpected 3% fall in the price level in the goods and services market differ from (b) 1% inflation when 4% inflation had been expected What impact would (a) and (b) have on the real price of resources, profit margins, output, and ..
At its current level of production, a profit-maximizing firm in a competitive market receives $12.50 for each unit it produces and faces an average total cost of $10. At the market price of $12.50 per unit, the firm's marginal cost curve crosses
The Acme chemical company paid $45000 for research equipment, which it believes will have zero salvage value at the end of its 5 year life. If the straight line (SL) method is used, what will be its value after 2 years What will be its value after 2 ..
Brad and Angelina are married with kids. Suppose Brad's at-home productivity as a parent is $25 and Angelina's is $40. a. Who has an absolute advantage in the home How do you know b. If brad works in the labor market, he can earn a wage of $500p..
At a particular academically challenging high school, the average GPA of a high school senior is known to be normally distributed with a variance of 0.25. A sample of 20 seniors is taken and their average GPA is found to be 2.71
Opportunity Costs. Two graduate business students are considering opening a full-service car wash in Greenville, North Carolina, after graduation. This is an alternative to employment with a local manufacturing firm where they would each earn $70,..
What is the income elasticity of demand for kitty litter when P(D)=30,P(C)=20, m=50? What is the cross-price elasticity of demand for kitty litter when P(D)=30,P(C)=20, m=50? Are kitty litter and cat food substitutes or complements?
The following set of equations describe an economy: C = 14,000 + 0.6(Y - T) - 50,000r, I p = 7,000 - 25,000r, G = 8,000, NX = 2,000, T = 8,200, Y* = 46,450 a. Find a numerical equation relating planned aggregate expenditure to output and to th..
For depreciation purpose a 700 salvage value at the end of 6 years is assumed. But the actual value is thought to be 1000 and it is the sum that is shown in the before tax cash flow. Year: 0, 1, 2,3,4,5,6
jeff has 4 hours that he can choose to spend either studying for a test or playing a new video game. If he spends all of time studying, he can score a 92 on the test. If he plays for 1 hour, his test score falls 5 points.
a multiple regression analysis based on a data set that consists of 30 observations yielded the following estimated demand equation: Q=120 - 1.1P + 0.04I + .90A where P is the price, I is Income, and A is advertising. If price is equal to $1000, i..
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