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Q1. Assume that with 400 patients per year, the SAFC (short-run average fixed costs), SATC (short-run total costs) and SMC(short-run marginal costs) of operating a physician clinic are $10, $35, and $30 per patient, respectively. Furthermore, Assume the physician decides to increase the annual patient load by one more patient. Using short-run cost theory, elucidate the impact of this additional patient on the SAVC and SATC. Do they increase or decrease? Why?
Q2. Explain how do acts of intellectual piracy hurt American companies?
Explain with the concept of optimization and a graph, the circumstances under which a waste site could be made "too clean".
What What marketing strategies should Radiance pursue in the next five years? Explain why the strategies you select would best fit the organization. in the next five years? Explain why the strategies you select would best fit the organization.
Do you think such a policy will increase demand for electronic appliances.
A business cycle fact is that real wages are pro-cyclical. Using the classical labour market as we have all semester, show and explain how the classical economists explained this business cycle fact.
Why is efficiency lost at the boundaries as when substantially more of one good and very little of another is produced.
Where there currently is a tariff. What is the effect of this tariff on the U.S. economy.
Prices the selling monopoly charges for TV sets in periods 1 and 2.
Calculate the following: Rate of Return and Calculate the following: Net Present Value Index
Evaluate this monitoring system. What would you do differently? Consider the benefits as well as costs of any change you recommend.
Find the subgame perfect equilibria of the variant of the game in which the post-entry competition is a game in which each firm chooses a price, rather than an output.
Suppose that these cost figures accurately refl ect the economic costs of providing inpatient services at these two hospitals and that the two hospitals face the same average total cost curve.
Calculate the new cost earned by sellers, the cost paid by clients, as well as the equilibrium quantity sold in the market.
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