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1. What are the production costs of your economics class? What are the fixed costs? The variable costs? What's the marginal cost of enrolling more students?
2. Suppose all your friends offered to help wash your car. Would marginal physical product decline as more friends helped? Why or why not?
3. How many batteries will Tesla want to produce in its new gigafactory?
4. Owner/operators of small gas stations rarely pay them- selves an hourly wage. How does this practice affect the economic cost of dispensing gasoline?
5. Corporate funeral giants have replaced small family-run funeral homes in many areas, in large part because of the lower costs they achieve. What kind of economies of scale exist in the funeral business? Why doesn't someone build one colossal funeral home and drive costs down further?
Evaluate the "Accuracy" of the forecast for the "hold out period" using RMSE and MAPE error measures used from forecast period residuals and comment them.
Discuss the welfare effects of monopolies and oligopolies
in the united states managed care is becoming an increasingly popular method of administering healthcare. it influences
A manufacturing firm has received a contract to assemble 1000 units of test equipment in the next year. The firm should decide how to organize its assembly operation. Skilled workers, at $33 per hour each, can individually assemble the test equipment..
What is your expected rate of return over the one-month holding period?
Consider the utility-maximizing model in a two-good world, where our representative consumer has well-behaved preferences that result in smooth indifference curves that are convex to the origin. Place good one on the horizontal axis.
How elastic is the product and/or service - If the company needed to increase sales by 40%, what would need to be done (in terms of elasticity)?
Given the accelerationist Phillips curve = - 0.3 (U - 6) + , suppose that inflation in the preceding period was 3 percent, unemployment is 7 percent, and there is no price shock. The current inflation rate is ________.If expectations about inflat..
Would interest exist in a pure exchange economy where no production occurred? Explain. Please provide a detailed answer.
Compare after-tax returns on all three forms of investment. Rank the investment options - what is the best option now? Please be sure to keep the initial decrease in consumption (after-tax income) constant - What if the rates are 15% now and 30% in r..
Explain what you know about how unemployment benefits work and your opinion on the unemployment compensation system.
The company estimates the probability of no damage to be 0.60, the proof damage between $0 and $10,000 to be 0.25, and the probability of damage between $10,000 and $25,000 to be 0.12. If the company wants to make a profit of $200 above the expect..
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