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Q1. Jae's building a corporation which follows short-run cost function:
q3 - 10q2 + 36q.
a. Illustrate what is the level of output will minimize the average cost? What is the AC at this point?
b. Does the production process indicate diminishing returns? How can you tell?
Q2. Explain the three types of unemployment. Illustrate types of government programs would be most effective in combating each type of unemployment?
Q3. Why is important that welfare programs are "means tested?"
Find the autonomous expenditure and induced expenditure in this economy.
Calculate the price and quantity associated with the perfectly competitive outcome.
What role did Red cloud play in the factional splits that occurred in the late 1860s and 1870s.
A large school of sharks is reportedly seen by beach-goers at the beaches of Melbourne.
How many DVD's will she have to sell to keep the store open for an extra hour to make profit, if each DVD is $12.
Fred's Fashion Accessories of New Jersey produces jewelry for sale in Boston and New York subject.
The annual operating and maintenance expenses are estimated to be $1,000. If Convington's MARR is 15%, how many years will it take before this machine becomes profitable.
Suppose the economy is in a recession and per capita disposable income is expected to decrease by 5%, then what percentage effect on sales would you expect to take place.
For a typical firm producing 100 units of output, short-run marginal cost is constant at $65, average total cost is $95, and average fixed cost is $30.
What is the difference between a change in the quantity supplied and a shift in the supply curve.
Using short-run cost theory, explain the impact of this additional patient on the SAVC and SATC. Do they increase or decrease.
What would the annual percentage change in velocity have to be on average for the quantity theory to hold.
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