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A purely competitive firm finds that the market price for its product is $20. It has a fixed cost of $100 and a variable cost of $10 per unit for the first 50 units and then $25 per unit for all successive units. *Does price exceed average variable cost for the first 50 units? What about for the first 100 units?
What is the marginal cost per unit for the first 50 units? What about for units 51 and higher?
For each of the first 50 units, does MR exceed MC? What about for units 51 and higher?
What output level will yield the largest possible profit for this purely competitive firm?
1. you are the lays potato chip distributor for denver. you hire a consultant to estimate the demand for your
Structures and Functions of Financial Institutions
Long run average costs rise as output increases if and only if the production function is homogeneous of degree p?(0,1). True or false? Explain your answer.
One of the stumbling blocks of Voice over IP has been the implementation of a 911 service. The given story appeared on the newswires on Tuesday:
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The range of reserve requirements that the Board of Governors can set for net transaction accounts is a. 3 to 6 percent b. 8 to 14 percent c. 3 to 14 percent d. 0 to 9 percent
1. roshima is researching universities where she could study for her mba degree. she is considering 3 major attributes
Explain the role of adjustable-rate mortgages (ARMs) in exacerbating the financial crisis. Explain the Basel requirements and how banks got around the Basel accords, which limited the amount of mortgages and other risky assets that banks could hold..
Project labor authorization for January 2017 and What is the estimated budget for the recruitment exercise if the estimated cost of recruiting one employee during the period would be k1500.
Does the principle of “increasing opportunity cost” hold in this nation? Explain briefly. (Hint:What happens to the opportunity cost of bread—measured in number of ovens—as bread production increases?)
Northern Granite Corporation, a corporation in New England, installs granite counter tops in houses. When it 1st entered the business, price per foot for installing a granite counter top was $180 per square foot,
What are the mean earnings of males and females in this sample? Does the regression result support the claim in the news?
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