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The campus barber faces stiff competition from the large number of shops that surround the campus area, and for all practical purposes the market is perfectly competitive. He charges $10 for a haircut and cuts hair for 18 people a day. His shop is open 5 days a week.
Calculate his weekly total revenue?
A couple have a strong interest to ensure that they invest in a socially responsible manner. They want to ensure that they do not invest into any companies.
Consider the construction of handmade rugs moreover assembly line robots in Canada and India.
Please explain the difference between nominal and real variables and give two examples of each.
Suppose Japan can produce 2 million trucks per day, or it could produce up to 3 million cars. ON the other hand, Germany can produce 4 million trucks per day, or it could produce up to 5 million cars. What is an example of a trade that could take pla..
The production function for Our Production is Q = 25L – 0.05L2 ; where Q is output and L man–hours. (i) What level of man–hours will maximize total output? (ii) Calculate the marginal product for the following levels of man–hours: 25, 50, 100, 150, 2..
Under monopoly, still with the price PW which is again label triangle of consumer surplus and the triangle of producer surplus.
Assume, after you graduate, you are paid $3,000 monthly (take home pay). Assuming you spend your entire income at a constant rate throughout the month and do not use a credit card, calculate your average demand for money and the velocity of your mone..
q.hiro nakamura is ceo of the cola king bottling company a small regional producer operating in the pacific northwest.
Suppose that the U.S. government decides to charge wine producers a tax. Before the tax, 35,000 bottles of wine were sold every week at a price of $7 per bottle. After the tax, 30,000 bottles of wine are sold every week; consumers pay $9 per bottle, ..
Given your answer, what is the level of output that maximizes profits. Lastly, calculate the level of profits at the profit-maximizing level of labor and output given that capital is fixed at 81 units.
Explain the behaviour of economics and how its support and criticizes veblen theory (minimum 300 words) please.
If she neither borrows nor lends, which project has the higher present value at the interest rate 50%. Which has the higher present value at an interest rate of 5%.
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