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TC(Q) = Q2+3Q+20.
a. Explain if this cost function satisfy law of diminishing returns.
b. Let p = 33 be the firm's demand function. How much should this firm produce to maximize its profit?
find out that the exchange rate for your U.S. dollar has decreased relative to the euro. If you were a U.S. citizen or resident, are you pleased.
Old McDonald Farm, Inc., a large profitable crop farm, must replace its planting equipment. The farm expects all investments to return at least 8%.
A score of 898 is the best? (highest) score possible. Thirty-nine percent of the FICO score is based on payment history for credit? cards, car? loans, home? mortgages, and so on. Suppose your current FICO score is 740 and you have just missed a credi..
Assume that the product depicted below generates external costs in consumption of $3 per unit. What is the market price (market value) of the product? What is the socially optimal output?
Compute the price elasticity of demand for paint and show your calculations. b) Decide whetherthe demand for paint is elastic, unitary elastic, or inelastic. c) Explain your reasoning and interpret your results
In the mid 1980s female nurses became increasingly aware that a relatively large number of attractive job opportunities existed outside the medical service industry. In fact large number of colleges offered life and transfer credits for nurses so tha..
What is the NPV of the purchase of the company when you include the consideration of the $20 million project?
Recommend some U.S. fiscal policy change in government spending or transfers, and explain why that change would be good for most firms and good for the U.S. economy.
Suppose investment becomes less responsive, i.e. sensitive, to changes in the interest rate. What effect will this have on the effectiveness of the fiscal policy? Specifically, what will happen to the output effects of a given change in government sp..
What are the basic assumptions of utility theory? In terms of price ratios and ratios of marginal utilities, how can we know when a consumer has maximized his utility from consuming two goods?
Informal financial institutions and its system are important in serving the group at the bottom of the income pyramid. Explain the characteristics of informal financial institutions and the importance of its financial systems.
Two Division managers at King Size Manufacturing have been in a long discussion with top management about allocation of capital spending over the next three years. The current plan up for approval calls for the bulk of capital expenditures to go to D..
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