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Suppose fixed costs are $500, and the total costs of producing 100 units is $4000.
a. What are the variable costs of producing too units.
b. Write out the total cost equation assuming variable costs are linear.
c. What is the marginal cost of the 50th unit of output?
d. What is the average total cost of the 50th unit of output?
e. What is the average variable cost of the 50th unit of output?
The table indicates that 550 patients per week can be seen using two different combinations of DR and PA time: (50 DR, 40 PA) and (40 DR, 60 PA).
Suppose that the government imposes a proportional tax on the representative consumer's wage income. That is, the consumer's wage income is w (1 - t) (h - l) where t is the tax rate, and h is the working hours and l is the leisure hours
Recommend two to three best practices for leveraging information regarding exchange rates to maximize their profitability. Provide examples to support your response. Discuss how the current economic environment affects the exchange rate between the..
This money will be used for her college education 18 years from now. He calculates that he will need $71,231 by the time she starts college. What rate of return will templeton need in order to achieve this goal.
Determine the four supply factors of economic growth and also find the demand factor?
In this respect, the long-run market supply curve differs from the short-run market supply curve, which, in a constant-cost industry, will equal the horizontal sum of individual firms' short-run supply curves. Why does the derivation of the long-r..
The amount that the government raises from the inflation rate tax is ΔM. (ΔM = change in money stock or the printing of more money or the change in the amount of money today from yesterday). Write ΔM as a fraction of nominal GDP.
In a minimum of 450 words, write a paper addressing the following questions:
If a country imports more than it exports, describe three methods that residents of that country have to pay for the extra imports from foreign producers (i.e. changing ownership of assets or liabilities).
Consider a consumer who lives for three periods: youth, middle age and old age. When young, the consumer earns $20.000 in labor income. Earnings during the middle age are uncertain: there is a 50% chance that the consumer will earn $40.000 and a 5..
a) If the firm must charge the same price to both consumers, show that q1 = 400/3 and q2 = 200/3 and find the firm's profit b) Now assume the firm can perfectly price discriminate on a continuous level. Show that q1 = 200, q2 = 100, and that the fi..
Define economic rent. In the graph below, assume that the market demand curve for labor is initially D1.
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