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Assume a fixed cost for a process of $15k. The variable cost to produce each unit of product is $10 and the selling price for the finished product is $25. which of the following is the number of units that has to be produced and sold to break-even?a. 500 unitsb. 667c. 790d. 900e. 1000
Assuming fuel is one of the main inputs for many sectors. When a war breaks out in Country X, which is the main producer for fuel in the world, it causes fuel supply disruptions in the world.
What percent of the tax is borne by buyers. If income rises to $40,000, how much will tax revenue rise.
illustrate what would need to reduce the supply of money if Canada was an open economy with a flexible exchange rate.
Why might the Homo sapiens production possibilities curve have shifted outward to the right much more rapidly than those of Neanderthals.
illstrate the effect of capital formation by comparing the prodution pissibility curves, at the present time and ten years in the future,for tow economies, one with the high and the other with the olw rate of capital formation.
Suppose the following were facts relating years of education to average annual income of individuals. Would you use the inductive or deductive method to derive an economic principle from these facts.
Firms often face the problem of allocating an input in fixed provide among different products.
While grading a final exam, an economics professor discovers that two students have virtually identical answers. Illustrate which outcome do you expect.
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Illustrate what is the euro-denominated return on Dutch deposits for this investor. What is the (riskless) euro-denominated return on British deposits for this investor using forward cover.
Who are the characters Assumed to represent. Illustrate what did they want.
Assume that being sustitutes for one another, corn and soybean require the same raw material such as land, will farmers use their soybean farms to produce more or less corn and in econmic.
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