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Q1. Calculate the total fixed costs, total variable costs, average fixed costs, average variable costs, average total costs, as well as marginal costs.
Q2. The Coase theorem implies that we never need to worry about regulating externalities because the private individuals involved will reach the efficient outcome through negotiations. Is that statement true or false? Justify your answer as well as use examples.
Q3. Always There Wireless is wireless monopolist in a rural area. There are 200 customers, each of whom has a monthly demand as well as curve for wireless minutes where P is the per-minute cost in dollars. The marginal cost of providing the wireless service is $0.25 per minute. If Always There charges $0.25 per minute, how large of a fixed monthly fee can it charge as well as still persuade customers to buy their service?
Price elasticity of demand is 1.5 and a firm raises its price by 20 percent the quantity sold by the firm will ceteris paribus.
Select the most serious disadvantage of globalization (in your opinion) and make at least one recommendation
Now suppose your utility functioin is U= (square root)Wealth. What is the maximum you will pay for the bike check-in now.
Population growth in developing nations has proceeded at unprecedented rates ower the past few decades.
How much will computers sales change by if the company increases computer price by $100 from $1,000 to $1,100.
Semiconductor chips are used to store information in electronic products, such as personal computers. One of the early leaders in the production of these chips was Texas Instruments (TI).
The no-trade equilibrium in Foreign. How do the relative no trade prices of computers compare in Home and Foreign.
Suppose that the US government determines that cigarette smoking creates social cost not reflected in the current market price an equilibrium quantity of cigarettes.
The biggest difference between Microsoft and software retailers is the market structure in which they operate.
Among different market structures, which one do you believe provides the highest possible return for a new company as well as why.
Expectations and consumer confidence are important in determining fluctuations in aggregate spending. In your opinion, what is the present status of consumer confidence.
The People's Bank of China, the country's central bank, raised the reserve requirements of its top commercial banks to put a squeeze on the credit market
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