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1) Multi-Screen TV, Inc., is a Cleveland i-based importer and distributor of large screen HDTVs for residential and commercial customers. Revenue and cost relations are as follows:
TR = $1000Q - .1Q2
TC = $43,500 +100Q + 0.4Q2
Calculate output, marginal revenue, marginal cost, average cost, price, and profit at the average total cost-minimizing activity level. (Hint - MC passes through the minimum point on the ATC curve). Calculate these values at the profit-maximizing activity level. Compare and discuss answers.
The difference between the comparative advantage theory and the factor proportions theory is that the factor proportions theory? ________.
Bill sees a classified ad offering a used DVD player for $5. On the opposite page, he sees a big color ad from a national electronics chain offering new DVD players for $50. Bill values a DVD player at $75 as long as it works, regardless of whether i..
What is "automatic fiscal policy" and how does it fit Keynesian fiscal policy to stimulate the economy in a recession, in terms of Government spending
The existence of non pecuniary benefits associated with education causes estimated rates of return to education to _______ the actual rate of return for a typical individual.
Compare the effects of the two policies, based on the models developed. Why might the United States have preferred one policy over another.
You plot the production function for the United States on a graph with output per person on the vertical axis and capital per person on the horizontal axis. If a shock occurs causing the productivity parameter to increase, the production function ..
Determine two leadership theories and two (2) leadership styles that support the definition of a public leader. Provide a rationale for your response.
Cigarettes currently sell for $10 a pack. Suppose the government imposes both a $4 sales tax and a $7 excise subsidy on cigarettes. Use a graph to demonstrate that the new price must be somewhere between $3 and $6 a pack.
Some individuals have suggesested raising the required reserve ratio for banks to 100 %. What would the money multiplier be if this change were made?
Suppose an individual is faced with two goods: income and leisure. The basic wage rate is 8 dollars per hour but if the individual works more than 8 hours a day, he or she get's an overtime pay of $12. Draw the budget line for this individual.
Choose a fast food restaurant or chain and talked about the costs that the restaurant may have (1 page please), not as company. Just considering the restaurant workplace, include these three things:
What would happen to the IS curve if the following happened (answer assuming only one thing happens at a time). Carefully explain your reasoning.
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