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Otto’s brother, Dent Carr, is in the auto repair business. Dent recently had little else to do and decided to calculate his cost conditions. He found that the total cost of repairing s cars is T C (s) = 2s2 + 10. Please complete the following:
Dent’s Total Variable Costs:
Total Fixed Costs:
Average Variable Costs:
Average Fixed Costs:
Average Total Costs:
Marginal Costs:
Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs, 10. What is the size of the labor force..
Elucidate Illustrate what President Roosevelt might have been trying to achieve, using the model of aggregate demand also aggregate supply
Why is a financial crisis likely to lead to a contraction in economic activity?
Let's try to define the attributes of a good follower. What does it take to be a good follower? How can we support the leader in our team? What are some ways we can avoid hindering leadership?
Explain how would you show this with a simple supply and demand diagram. If this firm was monopolistically competitive with a "u-shaped" cost structure, how would you show the results of this firm's attempt to increase its profits.
In the state of Florida ,data that is commonly used in health services systems. This includes census data, vital statistics data (birth, deaths, marriages, and divorces), surveillance data, administrative data, and survey research data. Which office ..
Suppose minorities form 29 percent of a local population. A local business has 125 employees of which 28 are momorities. Did the business discriminate in its hiring practices? Write the null and alternative hypotheses. What is the value of the test s..
What are the principal sources of saving? What is investment? What are the two types of economic investment? What is economic investment?
If the number of tomato growers in the market increases, the supply:
Consider a market with demand given by P=450-2Q and supply curve given by P=100+3Q. Calculate Producer Surplus if there are no taxes.
“A monopolist will never produce so much output as to operate in the inelastic portion of the demand curve.”
Explain why an economy's income must equal its expenditure and why is it desirable for a country to have a large GDP? Give an example of something that would raise GDP and yet be undesirable.
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