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Assume that the marginal cost curve of an individual firm is MC = q/15 and the minimum average cost is 10. Derive the short run industry supply curve assuming there are N vegetable oil producers (Hint: Set MC=P, solve for q and then multiply the resulting expression by N). Then, assuming that industry demand is given by Q=4000-100P, calculate the equilibrium value of N in the long run competitive equilibrium.
Which factors make the strongest impact on your personal labor productivity, or that of your closest family member, if you don’t have a job? What actions can a person take to increase his or her labor productivity? Does capital formation affect labor..
A private pilot wishes to insure his airplane for $200,000. The insurance company estimates that a total loss may occur with probability 0.002, a 50% loss with probability 0.01, and a 25% loss with probability
Q = 70 – 3.5P – 0.6M + 4Pzwhere ˆQ is the estimated number of units of good X demanded, P is the price of the good, M is income, and Pz is the price of related good Z. (All parameter estimates are statistically significant at the 1 percent level.)
Compute the profit maximization level of activity. Compute total revenue, total cot and profit or loss at profit maximization level of activity. Compute elasticity of demand at profit maximization. Compute the breakeven level of activity.
There are many more sole proprietorhips than corporations or partnerships. Why are there so many sole proprietorships Why is the revenue of the average sole proprietorship less than that of the typical corporation
a department store attempts to gain a competitive advantage by empowering its salespeople in the cosmetics department
Do you think consumers are really better off as a result of monopoly break-ups and are monopolies really that bad for society?
Assume the key boarders (date entry clerks) are lower in India than the U.S. does this mean that key bordering jobs in the United States will be lost to India? Explain.
a. each individual determinant analyzed for your situation with examples applicable to your situation and research
Conduct an analysis of the demand for the organization's product(s) and/or services - Discussing the source of your numerical price and other data
Whats her expected utility of having a car without insurance and what would be the price of a "Fair" full insurance plan? Would Chen buy full insurance for her car at this price
How will you rank the countries for the investment decision based on the macroeconomic data, Justify. Present the scorecard you used in your analysis.
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