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Q1. Short Run Profit Maximizing
The producer of high-quality flatbed scanners is tiresome to decide what price to set for its product. The costs of production and the demand for the product are assumed to be as follows: TC = 500,000 + 0.85Q + 0.015Q2 and Q =14,166 - 16.6P. Conclude the short-run profit maximizing price. Apply this information on a graph showing AC, AVC, MC, P and MR.
Q2. Explain the relationship among the bowed out shape of the production possibilities frontier and the increasing opportunity cost of a good as more of it is produced?
Elucidate the law of demand. Why does a demand curve slope downward. How is a market demand curve derived from individual demand curves.
illustrate what is the change in Clean-Springs' profit-maximizing levels of output, price and profit. Explain in words and with graph.
Do these public goods conform to the law of demand. For which public supplies is demand price elastic.
Illustrate the tourism industry in Florida prior to the spill and potential tourists, rightly or wrongly, fear polluted waters and ruined beaches from the spill, show the new lines and equilibrium points after the spill.
Typical economic decisions made by the managers of a firm .determine and explain which basic economic problem: of what, how, and for whom
If individuals resisting change are included in making change decisions in an attempt to gain their support, what is this approach called?
Specify the best parametric model for estimating the direct cost of commercial facility construction projects performed by this firm.
q1.in signaling model assume high school graduates are paid a stream of income whose present value is 200000. college
Assume, no calls are currently on hold. If agent takes 5 minutes to complete current call, how many callers do you expect to be waiting by that time. Illustrate what is probability that none will be waiting.
Draw the US demand and supply curves for oil and indicate how much is imported in barrels of oil and its value per year.
Using the concept of opportunity cost also PPF explain the phrase affluence tomorrow requires sacrifices today
The market demand function is Q=80-p. Describe the profit maximizing input use, the output price, and the monopolist's profit.
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