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Suppose the cost function is C(Q) = 50 + Q -10Q(squared)+ 2Q(cubed). What is the total cost of producing 10 units? Show your work.
What are the problems associated with the current educational system, where the public school has a monopoly on K–12 education in the local school district, and teachers are tenured?
Xaquane and Yullare are obscure but talented 18th century painters. The world’s stock of Xaquanes is 100 and the world’s stock of Yullares is 70. The demand for each painter’s work depends on its own price and the price of the other painter’s work. W..
The Future Flight Corporation manufactures a variety of frisbees selling for $2.98 each. Sales have averaged 10,000 units per month during the last year. Recently Future Flight's closest competitor, Soaring Free Company, cut its prices on similar fri..
If the United States imports a specific product and exports a different product, what is the likely effect on the price of the product that the United States imports?
In what types of circumstances is it beneficial to hire a lawyer to draft up a contract? What are the disadvantages of hiring a lawyer?
Discuss/justify the following statement: “When a change in a country’s nominal interest rate is caused by a rise in the expected real interest rate, the domestic currency appreciates. When the change is caused by a rise in expected inflation, the cur..
Explain how does economists distinguish between the absolute and relative sizes of the public debt.
The Targeted Jobs Tax Credit (TJTC) existed from 1979 through 1994. It offered employers a tax credit for each “less-skilled” worker they employed. Assume that the tax credit was fixed at $5 per- hour-worked by a less-skilled worker.
q1. find the equilibrium price and quantity after the shift of the supply curve.q2. a machine used to cereal boxes
A consulting firm submitted a bid for a large research project. The firms management initially felt there was a 50/50 chance of getting the bid. However, the agency to which the bid was submitted subsequently requested additional information on the b..
Lauren's salary decreases from $34,000 to $30,000. She decides to reduce the number of outfits she purchases each year from 20 to 19. Use the midpoint method to calculate the income elasticity of demand for new outfits.
Illustrate what role did the policies of various governments play in influencing the international expansion strategies of both.
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