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A foundry uses 3,600 tons of pig iron per year at a constant rate. The cost per ton delivered to the foundry is $145. It costs $92 to place an order and $18 per ton per year for storage. Find the minimum-cost purchase quantity.
Why all the balance of payments accounts be in surplus. What factors determine the demand for British pounds in foreign exchange markets.
q1. the simple is-lm model predicts which cutting the governments budget deficit will reduce output in the short-run.
Find the demand for L and R. (Hint: Use your result from part 3 and the budget constraint.) Now assume that the price of right shoes increases. What will be the substitu- tion eect from this price change? Explain.
What is the optimal consumption bundle (a*,b*)? What can you say about this utility function?
The loss to consumers can be decomposed into three pieces: a transfer to domestic producers, a transfer to the government, and a deadweight loss. Use your diagram to identify these three pieces.
Show analytically that equilibrium price under Cournot is greater than price under perfect competition but lower than monopoly price.
Illustrate what is the minimum price necessary for the company to supply one thousand cups.
When the work was complete, Chuckrow paid Gough the original contract price but refutilized to pay him for the additional cost of reerecting the trusses.
Illustrate what type of organization has a high fixed cost and low variable cost balance to run its operations. Discuss the balance of fixed and variable costs for the organization.
q1. you own a small town movie theatre. you currently charge 5 per ticket for everyone who comes to your movies. your
Identify the two events that can cause a shift in the Production Possibilities curve.
Suppose the firm chooses this input combination. What is the firm’s short run cost function? What are the firm’s fixed costs? What are the firm’s variable costs?
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