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Q. Hardwood Cutters presents seasoned as well split fireplace logs to consumers in Toledo, Ohio. The low-cost provider company is of firewood in market with fixed costs of $10,000 per year, plus variable costs of $25 for each cord of firewood. Yearly marginal revenue also demand relations for a company are:
P= $225-$0.125QMR=∂TR/∂Q=$225-$0.25Q
A. Compute the profit-maximizing activity level.
B. Compute the company's optimal profit and return-on-sales levels.
A major employer in a small town announces upcoming major layoffs of employees. What should we expect to happen to the consumption functions of the affected employees.
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Explain how would the competitive balance in the American and National Leagues change if baseball owners forced the Yankees to move to Albuquerque, New Mexico.
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The consulting firm McKinsey and Company expects this combination of medical care and tourism in India to approach $2 billion a year by 2012.
Illustrate what kind of gap-inflationary or recessionary-will economy face after shock and illustrate what type of fiscal policies would help move economy back to potential output.
A farmer owns a plot of ground also sells the right to pump crude oil from his land to a crude oil producer.
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Illustrate what is Nurd's equilibrium level of income. Illustrate what is likely to happen in the coming months if the government takes no action.
Offer one good or service that you think would be considered highly price elastic ,one that you think is highly inelastic and Elucidate why.
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