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If Average Fixed Costs are 9.7 and Average Variable Costs are 9.6 at 3 units of output, what are Average Total Costs? i.e., what are Average Total Costs per unit at 3 units of output?
Suppose that there is limited commitment in the credit market, but lenders are uncertain about the value of collateral. Each consumer has a quantity of collateral H, but from the point of view of lender, there is a probability a that the collateral w..
1. The square root of the sum of x minus x-bar squared divided by n-1 is
What types of polynomials do you use in your everyday life? Explain and provide an example polynomial.
Knowing that V = (V0 - C) r + Sr describes the decision to cut wood now versus next year. If, V0 = 1000; V1 = 1250; C = 500; r = 0.10; and S = 500,
For this week's Application Assignment, you will evaluate an organization that you are familiar with in regards to operations.
Suppose a firm's demand curve is given by P = 120 - 0.5Q. Find the (value of) price elasticity of demand (point elasticity) for the demand curve when the price is $100. Is demand elastic or inelastic?
Suppose the consumption behavior in problem 1 changes so that C=100+0.9Y, while I remains at 50. Is the equilibrium level of income higher or lower than it was in problem 1(a)? Calculate the new equilibrium level, Y’, to verify this. Now suppose Inve..
How will customer final approval will be received?
consider an economy in which the amount of investment is equal to the amount of savings i.e. the economy is closed to
The legislature has stated that the $.03 tax will increase goverment revenue by $300,000 per month and raise the price of gasoline by $.03 per gallon. is this correct.
Which of the following are examples of the investment component of GDP? If the statement is an example of investment as it pertains to GDP, then drag and drop it into the \" Examples of Investment\" bin. If it is not, then drag and drop it into the \..
Indierence Curves- Explain what an indierence curve is. Explain why an indierence curve always has a negative slope. Indierence curves are concentric to each other. What does an indierence \above" another indierence curve indicate?
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