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In the following question, all dollar values are expressed in thousands of dollars. Suppose that the total city-wide demand function for private school seats Q is given by: Q(p) = 24710 - 2500p Each private school's long run total cost function is given by: TC(q) = 900 + 0.655q^(4/3). Then, each private school's marginal cost function is given by MC(q)=(4/3)x0.655q^(1/3) A) Calculate the average cost AC(q) B) In order for the private school market to be in long run equilibrium, how many children are served in each private school? What is the tuition (per seat in the school) charged in each private school? C) How many private schools are operating?
a. the food and drug administration classifies tobacco an addictive substance.b. the congress votes to raise the excise
Employees have certain legal rights such as the right to be paid a minimum wage and to have a workplace free of sexual harassment. Must employees have rights that are not specified in the law or in an employment contract? Provide examples
My term paper will be about oligopoly market where the market in oligopoly situation is dominated by few number of sellers and would lead to a higher prices for consumers for the product or service they are getting.
Mr. J enjoys goods x and y according to the utility function
the financial crisis of 2008 has caused macroeconomists to rethink monetary and fiscal policies. economists financial
Analysis of Contractionay Policy:describe how the assigned policy can be implemented as a contractionary policy;i.e., how its policy instruments are to be adjusted and show the corresponding graphical representations.
q1 define the following1- derivative2- swap3- commodities futures4- samurai bondsq2 differentiate between bulldog bonds
compose an argument for or against the idea that the peasantry constitutes a uniform social category. How would a homogenous approach, a heterogeneous approach, or a differentiation approach that considers political economy support your argument
explain problems related with having persistent vs. temporary current account deficit and find out which one has
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1. which of the following will ceteris paribus will cause an increase in the supply of whole wheat cereal?a.
Research the economic costs involved in the conducting break-even analysis for good or service of your choice. Assess the factors involved in conducting the break-even analysis. Find out the conditions which might exist for the manager of this goo..
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