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A firm has a quadratic total cost function given by TC = 6Q2- 12Q + 80
(a) Specify the bounds of output and price for the function.
(b) Find the break-even levels of output if the market price is $38.
(c) Show that the profit maximizing level of output when price is $38 is the average of the break-even levels.
your company manufactures controllers used in the production of commercial air conditioning units. your current price
what is the levelized cost of electricity per kW-hr and Which press should you purchase if 120,000 nondefective units per year are produced by each press and all units can be sold?
[Econometrics] Suppose you are attempting to build a model that explains aggregate savings behavior as a function of the level of interest rates. Would you rather sample during a period of fluctuating interest rates or a period in which interest rate..
Write a one-page (maximum) critique of the Human Development Index. [Note: A critique applies critical thinking to an issue; it allows one to point out strengths as well as weaknesses
much has been made of the fact that people dont consistently act with scientific rationality. what is meant by
The following utility function is equal to the maximum of the amount of good x or four time the amount of good y: Draw the indifference curve for this utility function.
An economist claims, based on an econometric study, that high profit in a certain industry are explained by that industry’s high Herfindahl-Hirschman Index (HHI). If you felt, based on your knowledge of the industry, that this claim were untrue, what..
suppose the alternative that the open market desk does nothing different that is they hold the amount of reserves
In 2-3 pages (not counting cover and references), compare and contrast the European and North American freight transportation systems, globalized trade, and global policy implications . Lastly, reviewing the future research, what part do you ..
1. in addition to the chairman of the board of governors the fomc consists of .nbspa. six rotating members of the board
Describe why in competitive markets there can be profit or producer surplus in the short run but not the long run. Include the idea of "economic rent" for exceptionally productive inputs. Then imagine a firm with the same cost structure however in ea..
choose and research a specific business that is publicly traded where there has been a pattern of change in a
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