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A profit-maximizing firm in a competitive market is currrently producing 100 units of output. It has average revenue of $10, average total cost of $8, and fixed costs of $200. What are this firm's profits, marginal cost, and average variable cost respectively?
If the manager of impact industries decides to produce 240 units, illustrate what will the long-run total cost also long-run average cost of producing 180 units.
Illustrate what relationship must hold between x and p so that A second order stochastically dominates B.
Illustrate what are some examples of goods which the U.S. has comparative advantage in producing.
Assume the Bank of Japan allowed the money supply to grow by 2% each year while the Bank of Korea chose to maintain relatively high money growth of 12% per year.
What is the opportunity cost of Josephine's trip to the wedding
Elucidate what is the effect of such tax on economic efficiency also the effect on economic equity. Do you think this was a popular tax.
Elucidate how much did Chinese purchases of financial also real assets abroad exceed foreign purchases of Chinese financial also real assests.
If the average worker produces $80,000 of GDP, explain by how much will GDP increase if there are 150 million labor-force participants and the unemployment rate drops from 5.2 to 4.5 percent.
According to the rule of most favorable input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the corporation.
The economy for latest commercial equipment has dropped in the last seven quarters. You require a latest niche. You are the CEO. You will not fire anyone.
Elucidate why the general level of wages is higher in the United States and other industrially advanced countries. What is the single most important factor underlying the long-run increase in average real-wage rates in the United States.
Can you provide any examples of Illustrate what kind of equality could be made to offset these increased society costs
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