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1. Suppose that you can sell as much of a product as you like at $92 per unit. You marginal cost (MC) for producing the Qth unit is given by: MC=10Q. If fixed costs are $350, what is the optimal output level?
2. Suppose a firm has as its total cost function: TC= 24+2Q^2, and its output can be sold at $44 per unit. Using calculus to find the firm's profut- maximizing output. What is the maximized profit?
The circular flow of income model shows that
q. television channel operating profits vary from as high as 45 to 55 percent at mtv as well as nickelodeon down to 12
A comparison of two computer manufacturers found that by implementing improvements in its supply chain, one company was able to reduce its average supply of key components to only 3-6 days’ supply of inventory, as compared with their competitor, whic..
Identify the features that define the future of e-commerce. Which of these, in your opinion, are the most lasting?
GDP per capital (nominal) would be the actual cash of the average person in the given country has per year. It equals GDP divide by the population. What is the alternative to using PPPs for making international comparisons? This answer will likely ex..
The Determinants of Market Interest Rates. An analyst is evaluating securities in a developing nation where the inflation rate is very high. As a result, the analyst has been warned not to ignore the cross product between the real rate and inflation.
Wagner Industries preferred stock has a par value of $50 and a stated dividend rate of 6.0%. This means that Wagner will pay $3.00 (6% x $50) in dividends per share, per year forever. There will never be an increase or decrease in the dividend. Suppo..
The success or failure of economic policy with regard to the twin goals may be measured by the
Which distribution of income is more unequal?: Which country has a more UNEQUAL distribution of wealth, Lower Slobovia or Upper Vulcania?
Explain how many units of labor and how many machines would the firm use to produce 40 units in the cheapest possible way.
Suppose that a firm's only variable input is labor. The firm increases the number of employees from four to five, thereby causing weekly output to rise by two units and total costs to increase from $3,000 per week to $3,300 per week.
Assume that there are 100 identical firms that would be willing to sell 10 units each of the same good if the market price were $5 per unit. Draw a graph of the aggregate supply curve. Indicate on your aggregate supply curve the quantities supplied a..
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