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Bobbie's Boots has average variable cost of $107.25 and average fixed cost of $42.50 when it produces 600 units of output (boots). If the firm produces 450 boots, then the firm's total cost is more than $90,000t, true or false?
The European Central Bank (ECB) has been known for setting strict inflation targets (in other words, the monetary policy has been oriented towards maintain price stability).
How is the PCE calculated? What is the difference between the PCE and the GDP deflator? What is the difference between the PCE and the core PCE?
Analyze the major short run cost functions for this firm assuming they are represented by the equations below. Suggest substantive ways in which you may use this information to make production decisions in the short-run and possibly the long run.
Suppose the market supply curve of wagons is QS = –62.5 + 0.5p2. The demand curve is QD = 325 – 2p2. Use Equation 3A.2 in Appendix 3A to determine the incidence of a small tax on consumers. ?The equation to use is dp/dt=(ds/dp)/(ds/dp)-(dD/dp)
Analyze the consequences of such a bill and whether or not you would personally favor it. Consider all the costs involved in your analysis.
What is the fundamental difference between a dominant strategy (equilibrium) & a Nash equilibrium? Both antitrust policy & economic regulation deal with monopoly. What distinguishes the two approaches? How does government decide to use one form of r..
Compute another firm in a competitive industry that faces a market determined price of $25. the firm is producing 10,000 units of output, and average total cost, which at its minimum value, is $25. Answer part a for this firm
if MACRS GDS is used, and if straight-line depreciation over the ADR class life is used with a $10,000 salvage value.
q1. do you believe economic darwinism is reflected in the us banking policy of some banks are too big to fail
Bank of Canada sets monetary policy to try to achieve an annual 2% increase in consumer price index. Is the CPI a good index of your cost of living? Why or why not? is there a better measure of the cost of living?
Please describe the the views of a Luddite and discuss any similarities between the Luddites of the 19th century and the neo-Luddites of today. What objections do they have to technology?
How many different samples of two tellers are possible - compute the mean of the sample means, and compare it with the population mean.
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