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Len's body board factory pays $60 a day for equipment and $200 a day to each student it hires. Table 1 sets out Len's total product schedule.
At what output is Len's average total cost at a minimum? At what output is Len's average variable cost at a minimum?
Consider the following information for a typical investment project with a service life of five years: n A B 0 -1,000 -1,000 1 200 -900 2 490 -500 3 550 0 4 -100 -100 5 200 90 What interest rate is used in the project-balance calculation
At the same time, a number of less capable fringe firms are emerging. How do these features fit into an Industrial Organization (IO) view of the market versus a Resource-Based View (RBV)?
Suppose that there are 80 firms in a market, each with the following cost function: C(q) = 100 + 4q^2 A.) Derive the short-run market supply curve. B.) Suppose the market demand is Qd= 1280 - 30P Find the equilibrium market quantity and price.
you can invest in a project with returns that depend on the amount of your investment. specifically the formula
The supply of paper is given by the following equation: Qs = 5,000P and the demand for paper is given by: Qd = 400,000 - 1,000P. The Q's are in tons. There is pollution associated with the production of paper causing marginal external damages of $..
Assuming you continue to earn $30,000 starting in period t 1, graph the value of your permanent income in each period, using equation (P1).
quantity price/dollars total revenue total variable costs dollars total cost dollars 0 22 0 0 50 20 20 16 66 2 19 38 3 18 54 45 95 4 17 68 59 109 5 16 80 75 125 6 15 90 93 143 7 14 98 112 162 8 13 104 140 190 9 12 108 180 230 10 11 110 230 280
How do tax and redistribution programs affect incentives? How do social insurance programs affect incentives? Describe some of the trade-offs involved.
The 1996 welfare reform in the United States devolved responsibility for welfare programs to the states. Does the theory suggest it was the right the policy?
What is the value of having an ethics program (and related programs like safety programs) and what are the responsibilities of front line leaders/supervisors and the workers when they face dilemmas such as the one described?
Long-Run Supply Curve of Lamps. Suppose each lamp manufacturer produces 10 lamps per hour. Complete the following table. Then use the data in the table to draw the long-run supply curve for lamp
Over the last one year the Four Winds Novelty Corporation has recorded its internet sales and its monthly total variable costs for a particular novelty item as demonstrate in the following table.
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