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Q. Suppose a firm's average cost is R30 at 5 units of output and R32 at 6 units of output. The marginal cost of producing the sixth unit is R42. Is it true or false?
Q. Linus has utility function u(x,y) = x + 2y. If the price of x is $1 and the price y is .50 cents then Linus must consume equal amounts of both goods in order to maximize his utility. True or False, justify your answer
How many DVD's will she have to sell to keep the store open for an extra hour to make profit, if each DVD is $12.
what could affect every also a Discussion of why it is more accurate to examine both when trying to conclude a nation's economic success.
Assume that muffins are incredibly addictive, so consumers have perfectly inelastic demand for them, up to a certain saturation point.
If a central bank reduced inflation by 2 percent age points also to made output fall by 3 percent age points for 2 years
If income elasticities are equal for all goods, then all Mashallian demand functions must be downward sloping.
Assume your elasticity of demand for your parking spaces is -0.5 and price is $20 every day. If your MC is 0 and your capacity at 9 a.m. is 96% full over the last month are you optimizing.
Discuss how the two alternatives listed differ on the public-private continuum. Also describe how appropriate public policy might differ as the industry moves.
If Projects B and G are mutually exclusive, explain how would that affect your overall answers. That is, which projects would you accept in spending the $80,000.
Sketch the extensive form of the game, carefully labelling the players that move and the actions they have available
Illustrate what are the costs associated with this non-native species.
the changes that would occur to the jalapeno pepper market if suddenly Mexican food became popular, especially spicy Mexican food.
A concrete and building materials company is trying to bring the company funded portion of its employee retirement fund into compliance with HB-301.
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