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*Define scarcity and opportunity cost. What role these two concepts play in the making of business decisions?
a) what is Marginal Analysis? (b) Why Is Marginal Analysis Important in Economics? (c) What is the role of Marginal analysis?
Suppose a firm's inverse demand curve is given by P = 120 - .5Q, and its cost equation is C = 420 + 60Q + Q2.
(a) Calculate Price (P), Total Revenue (TR), Marginal Revenue,(MR) Total Cost (TC), Marginal Cost (MC), Total Profit and Marginal Profit for Q =15...35.
Q
P
TR
MR
TC
MC
Total Profit
Marginal Profit
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
If she neither borrows nor lends, which project has the higher present value at the interest rate 50%. Which has the higher present value at an interest rate of 5%.
Explain how low must a quota be in effect to have an impact. Using a demand-and-supply diagram, illustrate and explain the net welfare loss from imposing such a quota.
how do shifts in provide also demand influence price, quantity also marketplace equilibrium of toilet paper.
Air transport for businesspeople and tourists
What services do you predict Bangalore India exports and what services do you predict it imports.
Explain how the reduction in supply from the reduced fishing waters will either increase or decrease consumer surplus and producer surplus.
Which of graphs below shows Y increasing at a decreasing rate. Which of following issues is related to microeconomics rather than macroeconomics.
Explain how does this affect the supply of beef. Explain how does it affect the supply of beef worldwide.
The dropout rate of minority also international students at U.S. colleges also universities are higher than it is for white American students.
Describe the equilibrium price and quantity. What is the surplus of consumers and the welfare.
What will the effects of the tax be in the short run on industry output and price. Will the price rise by the full ?ve cents in the short run.
Illustrate what are elements of Circular-Flow Diagram. Illustrate what concepts does diagram illustrate.
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