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Suppose you are given the following total cost function:
TC = 2000 + 15Q - 6Q2 + Q3 , where Q = units of output:
Using this function,
How much is TFC at an output of 2000 units? At 5000 units?
How much is AFC at an output of 2000 units? At 5000 units?
How much is AVC at an output of 20 units?
How much is MC at an output of 20 units?
How much is ATC at an output of 20 units?
At approximately what output rate is the point of diminishing marginal returns to variable input encountered?
At approximately what output rate does diminishing average returns begin?
At approximately what rate of output does stage II begin?
Explain how market structure affects market performance and conduct. Identify three types of government regulation that help to improve market performance and conduct and explain how each regulation achieves its objectives and the economic justifi..
Compare the effect upon a competitive firm's output of a tax of $1 per unit upon output versus a license fee of $200 payable each year regardless of output. Please Clarify.
Elucidate economic influences which can affect the airline industry in a negative way.
Explain how one of the following aggregate demand and aggregate supply factors is likely to put upward or downward pressure on inflation in Kenya.
If the Federal Reserve System wanted to tighten the money supply, the most powerful combination of actions would be to a. raise reserve requirements, lower the discount rate, and buy government securities b. raise reserve requirements, lower t..
One senior economist thinks it is likely that the interest rate would rise in the second half of the year. Discuss the simple mechanism from an increase cash rate in the official sort term money market to other interest rates and finally to change..
Assume the situations faced by the subsiquent individuals. Who gains and who loses.
Payroll and order entry are examples of transaction processing systems. Another example is the check-processing systems employed by banks. Consider how the check processing system is similar to and different from the two examples (payroll & order ..
Do you believe that there is an ethical or moral obligation to meet the demands of the public where consumables are concerned? Please provide an examples to support your thoughts.
President Obama campaigned on the theme that he was going to reduce taxes for 95% of working Americans. Why would such a campaign promise be difficult to put into practice?
For each of the following pairs of goods, would you expect the cross-elasticity of demand to be positive or negative? Large (in absolute value) or small? Defend your answers:
Give an insight analysis on Local Area Networks in APA format citing examples where necessary. Also remember to include your references.
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