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For an agricultural company specialising in the sale of large machinery, calculate their total revenue if they have a yearly production of 15 units given that their marginal revenue function is:
MR = -( + ) + +
Consider an initial stock of 5000 tons of high grade ore. The demand function for this ore is P = 2400 – 0.2Q (Q is measured in tons/year), and the cost of extraction is constant at c = $200/ton. The discount rate is r = 0.10. Using a discount rate o..
Suppose that each worker in the Foreign country can produce two cars or three TVs. Assume that Foreign also has four workers. Graph the production possibilities frontier for the Foreign country. What is the no-trade relative price of cars in Foreign?
Under the percentage of sales forecasting method, which of the following will impact the forecasted stockholder's equity balance at the end of next year
Suppose that a mysterious in bovine infertility decreases both the population of dairy cows and the population of beef cattle by 50%.
According to neoclassical theory, what is the process responsible for converting the qualitative usefulness of different commodities into a single, quantitative measure of demand?
Since the movie, Avatar, 3-D movies have been popular and charged at a higher price, compared with the traditional 2-D movies.
Use the IS/LM-AD/AS framework to illustrate the short-run and long-run effects of a decrease in the markup (m?). Assume rational expectations. Explain the role of the interest rate here. That is, why does the interest rate have to fall?
q.get an answer from tutors to this homework question now1.explain how does the existence of money reduce the costs of
Suppose a customer is able to consume the following bundles of rice and beans when the initial price of rice(x) is $5 and the initial price of beans(y) is $10. This consumer's initial income is $100 dollar. Draw the budget contraint of the consumer.
Consider a palletizer and a bottling plant that has a first cost of $150,000. It has operating and maintenance costs of $17,500 per year, and an estimated net salvage value of $25,000 at the end of 30 years. Assume an interest rate of 8% per year. Wh..
Explain briefly the conceptual difference between choice based on maximization of a single objective versus choice based on maximization of multiple objectives. Give a specific example of where a decision maker is making a choice with multiple object..
A three-year bank CD paying 7.05 percent compounded monthly. Calculate effective annual interest rate (EAR)?
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