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Question: Consider the corn market. Suppose marginal revenue is $25 and marginal cost is $20 and the output is 30 units of corn and profits are at $20,000. You are currently producing 30 units of corn. To get to the profit maximizing output of 50 units where marginal revenue and marginal cost are both equal at $25 and profits are maximized at $50,000, should you produce more or less output of corn and WHY? Also, does your profit increase or decrease? Explain.
Discuss the following.With perfect capital mobility and floating exchange rates, fiscal policy is more ef-fective if the country is more open because of the effect of imported goods on the LM curve.
Suppose there are three countries in the world. Country A exports $11 million worth of goods to Country B and $5 million worth of goods to Country C.
A. What was the annual inflation rate between year 2007 and 2008? B. A person took out a one-year loan of $550 from the bank in 2007 and repaid $594 in 2008. What was the annual nominal interest rate between 2007 and 2008? What was the annual real ..
question 1nbspthe table sets out the demand and supply schedules for banana.pricenbspdollars per boxnbspquantity
A firm’s production function is given by: f(L,k) = L^1/2 , where L is the only input into production and it is variable in both the short and long run. Draw the long-run conditional labor demand in (L,Q) space (in other words, with L on the x-axis)
AP/ADMS 4503 3.0 Derivative Securities Winter 2017 Assignment. What is the theoretical price of the 1-year at-the-money put price
Health care costs the total annual health care costs in the United States (actual and projected, in billions of dollars) for selected years are given.
1. Which of the following would not tend to lower the price of VCR? a. Decreasing price of DVD players. b. Increasing price of video cassettes. c. Improvements in VCR production technology.
There are three consumers A, B and C. Consumer A is willing to pay 8-3F dollars for a unit of flowers for the public square, B is willing to pay 2-3F dollars.
Principles of Microeconomics - There are 2 brands of cell phones that are almost identical except for some minor features: the A-Phone and the Pomegranate.
Wendy's serves its hamburgers "fresh off the grill" This ensures high quality but creates leftover burgers if the staff overestimates the demand.
competitive advantage implies the creation of a system that has a unique advantage over competitors. with the advent of
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