Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Rogers runs a Creepy Caricature Mask Company, a local firm that produces and sells Halloween masks that look like local university students, such as the Daniel mask. It turns out that Creepy Caricature is part of a perfectly competitive industry. At the minimum of Roger’s AVC curve, q = 20 and AVC is $2.00. At a minimum of his ATC curve, q=25 and ATC=$5.00. The market price is $1.00 and currently producing 18 units of output. a. Is Roger making a positive profit? Why or Why not? b. In the short-run, will Roger continue to produce and sell marks, or will he shut down? Why? c. Show the situation graphically, using the MC, MR, ATC, and AVC curves for Creepy Caricatures described, and also showing the supply and demand curves for Creepy Caricature
the cost of pollution in billions of dollars originating in the paper industry iscp 2p p2where p is the quantity of
Touchie MacFeelie's production function is 0.1J1/2L3/4 where J is the number of old jokes used and L is the number of hours of cartoonist's labour. He is stuck with 900 old jokes for which he paid $6 each. If the wage rate for cartoonists is $5 per h..
Many people believe that we never will create eternal life here on earth, but there are many more people who believe that taxation can be eliminated. Are you one of those people? Discuss some ideas of possibly financing the government without taxatio..
Which of the following is not part of the index of leading economic indicators?
What will be the DIFFERENCE in the effects on the national well-being if, instead of imposing a tariff of $50 per unit, the government provides a subsidy of $50 per unit to the domestic manufacturers of mopeds?
If income increases, then the. A decrease in the price of good Y will have what effect on the budget line on a normal X-Y graph? Suppose that consumers' preferences are well behaved in that properties 4-1-4-4 are satisfied. What are the advanta..
Explain how this tax affects the welfare of foreign consumers and producers. Is world welfare higher or lower? Explain.
Sarah is awake for 100 hours per week. Using one diagram, show Sarah's budget constraints if she earns $6 per hour, $8 per hour, and $10 per hour. Now draw indifference curves such that Sarah's labor supply curve is upward sloping when the wage is be..
A company's cash sales for the month are $200,000 and its accounts receivable payments for the month are $100,000. What is its total incoming cash flow.
Briefly explain the different types of Unemployment? What is relationship between inflation and unemployment? A country has 245.9 million of working-age population, out of which 155.5 million are in labor force. From total labor force, 144.2 million ..
Suppose that since some base year, the price index (or GDP deflator) has increased from 100 to 125. During the same time period, NOMINAL GDP has increased from $500 billion to $600 billion. What is the value of REAL GDP at the end of this period -exp..
If trying to sell a new accounting system that will reduce cost by 10%. Instead of pricing the product you give the cost as 50% of their cost savings. Describe the information assymetry and adverse selection problem and why soft selling is successful..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd