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Q. A competitive firm sells its product at a cost of $0.10 per unit. Its total cost function is:
TC = 5 - 0.5Q + 0.001Q2(a) Determine the output rate that maximizes profit or minimizes losses in the short run.(b) If input costs increase as well as cause the cost function to become:TC = 5 - 0.10Q + 0.002Q2What will the new equilibrium output rate be? Clarify what happened to the profit maximizing output rate when input costs were increased.
Pretentious that yields for each stock are around generally distributed, with which investment strategy do you have the smallest chance of losing money?
What steps can Congress and state legislatures take to alleviate a serious national shortage of skilled providers. Research suggests medical errors have been linked to inadequate staffing.
Substantive responses use theory, research, and experience or examples to support ideas and further the class knowledge on the discussion topic.
Suppose that a pay equity plan has just been put in place in your organization. The pay equity consulting firm did a job evaluation and assigned points to each of the male-dominated and female-dominated jobs.
As vice president of sales for a rapidly growing company, you are grappling with the question of expanding the size of your direct sales force.
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Using the calculations from part a, and the methods described in class, calculate a 99% confidence interval for the population mean forecast, where the population 3 would consist of all economists.
Find the output you should produce in order to maximize your expected profits so that you can then determine your expected profits accurately.
Clarify why might the Homo sapiens production possibilities curve have shifted outward to right much more rapidly than persons of Neanderthals.
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