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Nokia sells a new budget cell phone. Based on information provided by the accounting department, the average variable cost is: AVC = $30 + Q The average fixed cost is: AFC = $9,000,000/Q where Q is the number of phones. The phone sells for $50. Show your work/thought process:
a. Find the total cost, average cost, and marginal cost equations.
b. At what level of output is average total cost minimized?
Suppose that you are trying to determine the after effects of hurricane Katrina on the economy of Louisiana. Which assumptions could be made to simplify the study? Consider the effects on all of Louisiana’s interstate trade partners. Determine the ef..
You are the father or mother of a family of four (kids ages 13 and 15) planning a weekend camping trip. Develop a responsibility matrix for the work that needs to be done prior to starting your trip.
From institution-based and resource-based views, identify the liability of foreigners confronting MNEs from emerging economies interested in expanding overseas. How can such firms overcome them?
A broadband service company borrowed $2.4 million and repaid the loan in amounts of $200,000 in years 1 and 2 plus a lump sum amount of $3.168 million at the end of year 3. What was the interest rate on the loan?
Give detailed answers to the following. What is money? What determines that something is money? What forms have money taken on throughout history? What are our current measures of the money supply?
Jose rents office space for $20,000 per year. He uses the office to fill out tax returns for 1
What could the federal reserve system Fed do in 2000 in order to bring the economy back to full employment ? What did the Fed actually do? explain
The college has annual fixed costs of $10 million, also the variable cost for every additional student is $5,000.
As a move from China's current monetary policy of using Renmenbi as the fixed exchange rate regime, what would be the possible costs and benefits of China's economic development process and its standing in the world economy and its trade after Septem..
A series of quarterly cash flows starts with a cash flow of $1,000 on April 1,1982, and * expected through July 1,1994. Each cash flow has been $50 greater than the one preceding T^is tncrease expected to continue. Use an interest rate of 16% with qu..
Consumers of computers value high-quality ones at $1,000 and low-quality ones at $100. The supply of high-quality computers is QH = PH ? 200. The supply of low-quality computers is QL = 2PL ? 100. Only sellers know the true quality of the computers b..
Which of explanatory variables in regression are statistically significant, Elucidate. How much of total variation in pie sales does regression model elucidate.
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