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Algebraically, determine what price the company should charge in order for the company to maximize profit in the short run. Determine the quantity that would be produced at this price and the maximum profit possible.
Explain what is the maximum amount of new loans that this bank can make. Show in column 1 how the bank's balance sheet will appear after the bank has lent this additional amount.
Mike finds a Coke machine in an abandoned part of town and is extremely thirsty; The coke machine requires exact change- Two quarters and a dime. No other combination of coins will make anything come out of the machine. Draw a graph that illustrates ..
Explain your policy combination in details (This is an open ended question) - Which of the policies is/are a monetary? - Which of the policies is/are fiscal? - What are the differences between monetary policies and fiscal policies?
A firm sells its product in a perfectly competitive market where other firms charge a price of $80 per unit. The firm's total costs are C(Q)=40+8Q+2Q2. how much output should the firm produce in the short run? what price should the firm charge in the..
q1. labor costs 12 per hour. nine workers produce 180 bushels of product per hour whereas 10 workers produce 196
If the price of coffee increases, we get a positive rate of inflation, even if no other price rises. Is this really inflation? Explain.
Find the equivalent equal payment series (A) using an A/G factor such that the two cash flows are equivalent at 10% compounded annually. First cash flow: Start at -$50 at year zero and goes up every year in increments of $50 so at year five its at $2..
Suppose the price of capital falls relative to the wage rate and, as a result, the demand for labor increases. Are these inputs gross substitutes, or are they gross complements? What can you infer about the relative strengths of the output and substi..
Given two downward-sloping, linear demand curves, with one showing consumption to be 50 percent greater than the other demand curve at each price, is the demand elasticity the same at any given price?
Scarcity is the main reason we are studying economics. Scarcity exists when human wants exceed available resources. Write a four paragraph post that explains the difference between a want and a need? Please give five examples for each of these two co..
explain what occurs when a new technology makes another one obsolete in terms of economic profit. consider firm a to be
Outsourcing refers to the process in which:? a. ? workers of a particular country seek employment in a firm of a foreign country. b. a firm hires laborers from a foreign market. c. a firm purchases service from another firm in another country. d. ?th..
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