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According to a statistical study, the following relationship exists between an electric light and the power plant's fuel costs (C) and its eight-hour output as a percent of capacity (Q):
C = 16.68 + 0.125Q + 0.00439Q^2
a. When Q increases from 50 to 51, what is the increase in the cost of fuel for this electric plant?
b. What is the firms fixed costs and variable costs at the at the capacity of 50 units?
c. Derive the marginal cost curve for this plant.
How can two countries both be better off as a result of trade
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The technology is now expanding so that road use can be priced through computer. A computer in surface of the road picks up a signal from your car and automatically charges you for use of road.
If the product price is $4 per unit and the price of the factor of production is $80 per unit, the profit-maximizing quantity of the factor is____ unit(s).
Fiona requires a minimum level of consumption, a threshold, to derive additional utility: U(X,Z) is 0 if X+Z is less than or equal to 5 and is X+Z otherwise. Draw fionas indifference curves. Which of our usual assumption does this example violate.
Suppose an economy described by the Solow model has the following production function: Y=k^1\2(LE)^1\2 a)For this economy, what is f(k)?
Describe the welfare costs of a monopoly and discuss the regulator organizations that monitor anti-trust in America. Name these organizations and their functions.
datafilecontains1500housessoldinstocktoncaliforniaduring1996-1998.thevariabledescriptionsareasfollowsbull sprice
Define a natural monopoly and what has happened to natural monopolies in recent years? Describe. Under which market structure does your type of business fall?
if the inverse demand curve is p 120 - q and the marginal cost is constant at 10 how does charging the monopoly
a major new client has requested that your company present an investment seminar to illustrate the stock valuation
1. which of the following is not a condition of long run competitive equilibrium?a. there is no incentive for firms to
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