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In a perfectly competitive? market, the market price is? $8. An individual firm is producing the output at which MC? = $8. AVC at that output is? $10. What should the firm do to maximize its economic profit in the short? run?
Discuss a firm's objective relative to its economic cost. Describe each of the firm's economic cost, and whether these would be considered explicit or implicit. What is the difference between an economic profit and an accounting profit.
A manufacturing company has some existing semiautomatic production equipment that it is considering replacing. This equipment has a present MV of $57,000.
Describe various revenue models available as video content shifts from atoms to bits. What are the advantages and disadvantages to each-for consumers, for studios, for middlemen like television networks and Netflix
Depreciating Kenyan currency makes it expensive to buy foreign currency with which to pay for foreign goods leading. Calculate the market level.
does fiscal policy have a strong impact on aggregate demand? did the shift of the federal budget from deficit to
There are many venture capital syndicates that consist of a few (say, eight or ten) wealthy people who combine to make investments in small and (hopefully).
Which of the following are examples of automatic stabilizers? Check all that apply.
What will happen to the M1 money supply if it makes the loans in (b) above and those funds are deposited into another bank by the borrowers - part of an expansionary fiscal policy
Your company operates in a perfectly competitive market. You have been told that advertising can help you increase your sales in the short run.
Calculate demand elasticity at purchase price 40 and purchase price 60. Comment on your findings. Find the marginal revenue curve and reflect it.
Explain what happens to the market price of a bond as the bond approaches its maturity date. Explain in your own words the following bond relationship.
The annual holding cost per unit is $2.50, and the cost to place an order is $50. Suppose demand for TricFlexers doubles to 32,000. Does the EOQ also double ? Explain what happens.
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