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Suppose that a firm operates in a competitive market where the commodity price is $15 per unit. The firm's cost equation is C=25+0.25Q^2, where C= total cost and Q= quantity. (a) find the profit maximizing level of output for the firm. Determine its level of profit. (b) Suppose that a fixed costs increase to $75. Verify that this change in fixed costs does not affect the firm's optimal output.
Why is depreciation of capital good a cost of society. In illustrate what ways does a person's health depreciate. Why might older people's health care expenditures increase in Grossman model even though their desired health stocks may be lower.
What is the current macroeconomic situation in the U.S.? What should the Fed do about it? What monetary policy tools should the Fed use to achieve the result(s) you just recommended?
Putting utility on the y-axis and wealth on the x-axis, use a graph to show why James would rather have $100 for sure instead of a gamble where he gets $20 20% of the time and $120 the rest of the time.
Viennese artist Gustav Klimt's Portrait of Adele Bloch- Bauer was sold in New York for $135 million. Illustrate using supply and demand curve.
The GDP price index is A. a measure of the price of a specified collection of goods and services compared to the average of the prices of a highly similar collection of goods and services for the last ten years.
Illustrate what is the difference among the Marxist also the Value Conflict approach to social problems
Compute real GDP per person for this nation in 2001, in 2000 euros per person. Round your answer to the nearest euro.
The newly established Bureau of Time Travel has been given authority to regulate time travel. If the bureau sets a price that allows Time Riders to earn a normal profit (that is, a fair return), illustrate what price will time travelers pay per tr..
Trade restrictions will stop foreign imports which will increase American employment and protect American jobs
Elucidate which following is true in market of a monopoly
After 1, 2, and 3 years, it will pay a dividend of $5.You expect to sell the stock after 3 years for $120. Is XYZ a good investment. Support your answer with Calculations.
In your opinion, are the resources you devote to your education a form of consumption or a form of investment.
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