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Q1. Suppose a competitive firm that is profit maximizing pays a wage of $750 per week and the price of its output is $15. Based on this information, you may surmise the firm's marginal product.
Q2. Suppose a small firm has invested $10 million in total fixed cost and another $18 million in total variable cost.
The firm has started marketing its new product at a price of $25.00 per unit; however, the average variable cost of the product is $30.00. Should this firm shut down? Why or why not?
Illustrate what is the "incubator effect" that Taiwan's government hoped would emerge in its EPZs.
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
Suppose that one company acquires all the suppliers in the industry and thereby creates a monopoly. Illustrate what are the monopolist's profit-maximizing price and total output.
Explain why PC is likely to be related to parent's income. Would parent's income be a good Instrumental Variable for PC?
Then make an argument for why the government may still prefer using the other approach.
make a recommendation to your neighbor based on convincing economic analysis.
Illustrate what best depicts se events on market for recycled materials. Price remained constant.
An economy needs 400 bn. Spending to close the recessionary gap, multiplier is 4; what should be the increase in spending on the part of the of the government?
Each of the estimated coefficients statistically significant at the 95 per cent confidence interval. What is the optimal output level.
It is important for companies to differentiate their services or products in the market place. This differentiation sometimes leads to building a core competency. which we will explore in the following individual assignment.
Suppose instead that the marginal mining cost increases with the amount mined. Illustrate what is now the e¤ect on gold consumption and mining of an increased use of gold as money.
Elucidate the inelasticity of agricultural products in general then compare which to the elasticity of a single food item such as a filet minion.
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