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1. Calculate a total cost function of transport services (e.g. road freight) as a function of volume of production. How you can derive now the average cost and the marginal cost of production?Why it is important to know and to be able to formulate average and marginal cost functions when we are interested in evaluating the natural monopoly?
TC = 300Q + 10000
Derives AC and MC
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Following are the Production Function: Q = 72X + 15X2 - X3, where Q = Output and X = Input The Marginal Product and Average Product when X = 6 are;
Estimate the coefficients of the demand model for the data given above. Provide an economic interpretation for each of the coefficients in the estimated demand equation you have compuated.
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The following table demonstrate yearly sales information for Landrover, Inc., over the ten-year 1998-2008 period:
A portfolio manager is being evaluated based on the time-weighted average rate of return. If the manager had achieved annual returns for the past three years of 2.5 percent, 14.5 percent and 9 percent on one initial investment of $500,000,
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The article study for the demand, supply and the market equilibrium has been discussed. The article that has been review was published on August 2012.
Given the data, please construct the demand estimation for soft drink consumption in the United States by a multiple-linear regression equation, and a log-linear (exponential) regression equation.
Carry out an analysis from the standpoint of both EMV and expected utility to establish Jeremiah’s best course of action, including a consideration of his bidding strategy with regard to the auction.
Draw the individual cost curves on one graph: marginal cost, average total cost, average ?xed cost, and average variable cost. Place costs ($) on the y-axis and quantity (Q) on the x-axis.
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