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Look at the table Variable Costs for Lawns. During the summer Alex runs a lawn-mowing service, and lawn-mowing is a perfectly competitive industry made up of 100 identical firms. The table shows his variable costs for lawn-mowing and the number of lawns mowed. Alex's fixed cost is $1,000 for the mower. His variable costs include fuel, his time, and mower parts. If the price for mowing a lawn is $70, how much is Alex's profit at the profit-maximizing output?
Prepare a two page essay and answer the questions - analyze the behavior of the markets for goods and money for each area.
Discribe in detail ONE factor of how government involvement in the marketplace can impact or not impact the economy.
If the nominal GDP in 2002 is $8,000 billion and the implicit price deflator is 1.4, what is the value of real GDP in 2002?
What is the monopolist's profit-maximizing rate of production?What is the monopolists's profit-maximizing price?
What is the profit-maximizing price and output? What is the total profit? What is the price elasticity of demand at the profit maximizing output?
Briefly explain the resources used as inputs to produce output, and provide an example of each resource.
thailand economynbspi am third year student at college of business finance. i have macroeconomic research paper about
Show that it is socially desirable that a certain quantity of the commodity is produced, but that no firm is willing to provide it. How might the government insure that the socially optimal level of output is provided?
How do companies keep mobile data secure for customers? How do companies use technology to create competitive advantage?
Now suppose that these immigrants are particularly talented so that the country's total factor productivity increases. Incorporating only this additional information, clearly and accurately show what effects this would have on economic output, emp..
kick flip inc. is a specialty skateboard manufacturer. the company is experiencing demand that greatly exceeds capacity
Do you think patent licenses should expire? Be sure to support your argument with references and economic concepts from previous modules as well.
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