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The standard for extreme poverty was established at one dollar per day per person in 1985. if inflation was 2% year, how many dollars per day do the people in extreme poverty make now?
Consider a widget maker with an average variable cost curve, AVC = 20 + 4q, and fixed costs of $280. The market price is $100 per widget. What is the firm's total cost function? What is the firm's profit maximizing output level? Is the firm profitabl..
Select the item below that is a commonly held core value among tribal people.
Additional projected costs are $1,000 for insurance and $3.20 per unit for materials and supplies. Their fruit smoothies would be priced at $5 per unit. A.) What is the accounting cost function for this business
A cinema hall has a capacity of 150 seats. The owner can oer students a discount on the price when they show their student
When a computer firm is producing a level of output at which MC is greater than price, from society's standpoint the firm is producing too
What is Brenda's break-even price for a dozen of eggs? Explain how you found that answer. If the market price of a dozen eggs at the local farmers' market is $1.45 per dozen, will Brenda make an economic profit? Explainhow you determined your answe..
Appalachian Coal Mining believes that it can increase labor productivity and, there-fore, net revenue by reducing air pollution in its mines. It also feels that for every unit of pollution reduction the marginal increase in revenue (MR) is MR= 1,000 ..
Suppose a government moves to reduce a budget deficit. Using the model developed in class: a) Graphically illustrate the impact of reducing the government’s budget deficit by increasing (lumpsum) taxes on household income. Be sure to label: i. the ax..
Prior to opening of trade shoes cost $50 per pair in U.S. and $10 per pair in China. If the price of shoes in U.S. were to fall to $20, U.S. demand of shoes would increase to 60 million pairs and supply would fall to 54 million pairs. What is the int..
What considerations come into play when considering whether the United States or any other political entity is spending the right amount for environmental quality improvements
What decision (abroad or domestic) should be reconsidered to create better entrepreneurial opportunities in the future
where P represents price and A is the number of weekly advertisements. Presently the theater advertises 125 times per week. Assuming this is the only theater in town, and its marginal cost, MC, is equal to zero, Determine the profit maximizing ticket..
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