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Q1. Brian also Kim own a business employing 8 workers to produce commemorative t-shirts for campus organizations also events. They are currently producing 2000 shirts every month with average total cost of $8.00, average fixed cost of $2.00, also marginal cost of $10.00.
Q2. Describe at least three ways you could pay for your morning cup pf coffee. Illustrate what are the advantages also disadvantages of each?
Q3. Describe four advantages of using price as a allocating mechanism
What are some of the other key roles in the Planning Process.
What price and quantity will result once the copyright expires and competition emerges in this market. Elucidate your answer.
Results of drilling are 15 dry holes, 12 gas producers, 18 oil wells, and 20 wells producing both oil and gas.
Evaluate the impact globalization on domestic governance. Identity and explicate at least three significant factors requiring domestic changes.
If one defines incremental cost as the change in total cost resulting from a decision, and incremental revenue as the change in total revenue resulting from a decision, any business decision is profitable.
An existing company is considering expanding into a new product line that will use the same factory as its existing products.
find an identical output for each firm that maximizes joint profits.
Why the short-run demand for gasoline is less elastic than the long-run demand, when the price of gasoline rises, people immediately cut back on unnecessary trips.
Expectations and consumer confidence are important in determining fluctuations in aggregate spending. In your opinion, what is the present status of consumer confidence.
How do the GDP per capita change after accounting for price indices. Why is it important to use price index adjustments.
Even those who were not directly affected by the destruction were hurt because businesses failed or contracted and jobs dried up.
If each of the firms sets its own output rate to maximize its profits, assuming that the other firm holds its rate of output constant.
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