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A representative firm with short-run total cost given by TC=50+2q+2q^2 operates in a competitive industry where the short-run market demand and supply curves are given by qd=1410-40p and qs=-390+20p. it's Short run profit maximizing level of output is?
Prime Products manufactures specialized goods to customers' specifications and operates a job-order costing system.
If the economy's output is initially above full employment and if prices are rising, which of the following policy combinations could restore full employment and keep the exchange rate at the same level? Contractionary monetary policy and expansionar..
One major reason that GDP is an inaccurate measure of the true level of economic activity is that
q1. illustrate the way in which market forces shape the organizational responses using a range of examplesq2. jerome
Compute effects of an appreciation and a depreciation in the exchange rate on the price of its output in that country and the likely effects on the demand for its output.
Stan Money maker needs 16 gallons of gas to top off his tank. I he drives an extra 8 mile round trip Stan can save an extra $0.05 a gallon. Suppose gas costs $3.10 per gallon and Stan gets 24mpg. Each mile driven gives off CO2 that has an environment..
Outline the methodology of studying economics also utilize examples in your conversion.
Recall that the Law of Demand states that demand curves are always downward-sloping. That is, people want to buy more of some good when its price is lower. Why is a firm’s short-run demand for labor downward-sloping?
Explain the implications of those classifications on tax revenue collections when the per-unit tax increases as opposed to decreases.
Marginal rate of substitution between leisure as well as labor as well as the marginal product of labor in the Robinson Crusoe model.
What future amount of money will be accumulated 10 years from now by investing $1,500 now plus $2,200, 5 years from now at 8% interest compounded semi-annually?
q.1 what are the definitions of the following cost concepts fixed costs variable costs and total cost?2. give the
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