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1.Suppose in the short run a perfectly competitive firm has variable cost = 6q2, and MC = 12q where q is the quantity of output produced. Also, the firm has fixed cost F = 6144. a) If the market price of the product is $336, how much output should the firm produce in order to maximize profit? b) How much profit will this firm make? c) Given your answer to b), what will happen to the market price as we move from the short run to the long run? d) What is the break-even price for this market?.
identify and define the three categories of compensation arrangements. give examples of specific arrangements in each
Assume also that South Africa is a net importer of maize and imports maize mostly from the US. The FOB at US Gulf port is US$350 per tonne (1 tonne =1000 kg). Assume freight, insurance and unloading (FIU) cost at Durban is 150 Rands per tonne.
the following represents the potential outcomes of your first salary negotiation after graduationassuming this is a
suppose the united states produces two goods civilian goods and government goods and that is all that they produce. ok
new horizons airlines wants to forecast the mean number of unoccupied seats per flight to germany next year. to
assume that the cost data innbsp the top table of the next column are for a purely competitive producer lo3.total
How does a firm then maximize their total revenue? Describe the relationship of the demand curve and total revenue curve, indicating which of the four types of market structures market power like this would occur (i.e., perfect competition, monopo..
a tell me why you selected the appropriate exponential smoothing method by commenting on your y data
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Does the heavy crude have lower or higher value from the base crude and if this is the global marginal refiner, what is the crude price differential between these two crudes?
Discuss the firm's activities outside the U.S and identify which economic concepts, such as comparative advantage, apply to your firm.
Pass laws prohibiting children from working in labor market X. Require a license to work in labor market X. Increase tariffs on imports that compete with labor market X employers.
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