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a. Do changes in fixed cost alter the profit maximizing level of output for a profit maximizing firm in the short-run? Why or why not?
b. Under what conditions is it more profitable for a firm to operate at a loss than to shut down production temporarily?
Could you please explain why long run supply curve can be downward sloping and implication for behaviours of price as demand increases over long run.
What type of economic flow would be illustrated b the purchase of a Mexican candy-making factory by a US company.
Why the government now levies a tax on this good of 200$ per unit. Is this a good policy or why not. Can you propose a better policy
q.joseph jones a manager at computer science inc. csi received 10000 shares of company stock as part of his
the united states is experiencing a recession and congress decides to adopt an expansionary fiscal policy to stimulate
q1. according to a study of u.s. cigarette sales between 1955 and 1985 when the price of cigarettes was 1 higher
EXplain what is the short-run condition for the monopolist and what output changes would you recommend.
Calculate the profit maximizing cost per unit if COST MART has an average wholesale cost of $350 as well as incurs marginal selling cost of $100 per unit
Define adverse selection in a general way and then provide a more specific definition of adverse selection in an insurance market and explain how adverse selection manifests itself and becomes a problem in insurance markets.
Find the number of units of input L that maximizes the average product function. Determine the boundaries for the three stages of production.
What would happen to the demand curve if the major taxi companies lowered their prices? If you were asked to forecast future demand for this firm, how would you set up a forecasting model?
Marginal revenue product is defined as the change in total revenue that results from the employment of an additional unit of a resource. a widget producer wishes to describe how the addition of pounds of rubber will affect its MRP and profits.
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