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At its current level of production, a profit-maximizing firm in a competitive market receives $12.50 for each unit it produces and faces an average total cost of $10 per unit. At the market price of $12.50 per unit, the firm's marginal-cost curve crosses the marginal-revenue curve at an output level of 1,000 units. What is the firm's current profit? What is likely to occur in this market, and why?
Why did the Global Financial Crisis occur? How might a repeat of such a crisis be avoided?
question 1 many analysts in both developed and developing worlds have heavily criticized the cases of monopolies.
Calculate the consumer and producer surplus before the tax. How is this proposed tax going to affect the market for Smartphone cases - that is, how will it affect the price of the cases and the amount of cases that are sold?
What is the marginal rate of technical substitution of labor for capital if MP(L) = (K1/2) * (L-1/2) and MP(K) =(K-1/2) * (L1/2). Give an economic interpretation for the marginal rate of technical substitutionof labor for capital.
many economists feel the inflation rate is overstated. Analyze the impact of the overestimated inflation rate on the economy; be sure to mention which groups benefit and which groups are hurt by the inaccurate estimate of inflation
How would expanding the business affect the economies of scale? When would you have constant returns to scale or diseconomies of scale? Describe your answer?
Explain the differences between product safety labeling and environmental signage. Identify the four types of precautionary statements used for HazCom labels, and provide sample wording for each.
please write a 700-1000 word paper in which you address the questions below. also please do your best to format your
What is the monthly average total revenue for year 107, and the monthly average total revenue for year 108? How do these numbers compare to each other?
define the different types of unemployment. explain which type of unemployment is most directly related to the economic
Problems exist within the firm. There were problems of collective action, public goods, knowledge problems, and perverse incentives to name some.
Could it be pro?t maximizing for some ?rms to adopt the new technology but not pro?t maximizing for other ?rms to adopt that same technology? Which ?rms would choose to adopt the new technology?
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