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Question - A vendor discounts prices if the quantity is larger. The first 1000 parts are $43 each. The next 2000 are $41 each. All parts over 3000 cost $40 each. What are the average cost and marginal cost per part for the following quantities?
(a) 500.
(b) 1500.
(c) 2500.
(d) 3500.
If you rent a car, you can (1) return it with a full gas tank, (2) return it without filling it and pay $3.45/gallon, or (3) accept a fixed price of $35.
Analyze and evaluate how the SHELL Model can be used variously, and in practical terms, during a post-accident investigation as analysis tool, as an accident prevention tool, and as an aviation safety training tool.
Determine several points on the firms demand curve for labor. To do this, you must determine how many workers the firm should hire for different values of the wage rate in order to maximize profit. Complete the table below:
Topic: Short-Run Economic Fluctuations- Write a conclusion that explains Short-Run Economic Fluctuations using the above resource
sometimes market activities production buying and selling have unintended positive or negative effects outside the
Competitive industry, market determined price =$12, Output = 50 units, ATC = $10, Marginal cost = $15, AVC = $7-Is this firm making the right profit maximizing decision? If yes, why and if not, what should this firm do?
A statistician estimates that a country's population N is growing continuously and can be determined by the function N = 3,620,000e0.02t.
Explain the difference between a normal good and an inferior good. Would your answers to question #7 change, depending on whether this good is a normal or inferior good? Why or why not?
What were the views of Keynes and Friedman on the exogeneity or endogeneity of the money supply? What justi?es their views? What were the views of Wicksell on the exogeneity or endogeneity of the money supply? What justi?es his views?
A firm finds that the marginal product of capital is 60 and the marginal product of labor is 20. If the price of capital is $6 and the price of labor is $2.50.What will be the result?
1. For Canada, the demand pressures generated by the U.S. tax cut and the spillover effects of increased U.S. defense spending will push the Canadian economy further into an excess demand situation.
In a perfectly competitive market, demand is QD = 32 - 1.5P and supply is QS = -20 + 2.5P. Find equilibrium price and quantity and producer and consumer.
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