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In the short run, a firm's total costs of producing the hundredth unit of output equal $10,000. If it produces one more unit, its total costs will increase to $10,150.
a) What is the marginal cost of the 101st unit of output?
b) What is the firm's average total cost of producing 100unit?
c) What is the firm's average total cost of producing 101 units?
Explain is it possible for the new long-run equilibrium price to be above the original long-run equliibrium price.
Write an explanation for an interrogatory senator outlining explain how your expansionary acts would operate and what would be the effects on the economy
A product has an arc elasticity of -0.8. at a price of $7.00, 1000 units are sold per period. In order to sell 1200 units, what will the new price be. Illustrate what is the revenue at the old price ($7.00)and the new price.
That term would be most closely associated with the latest also better goods also services also latest also better ways of producing
Explain the solution to the firm's cost-minimization difficulty ever occur off the iso-quant representing the required level of output.
If David's only illness this year results in an appendectomy, explain how many days will he choose to stay in the hospital.
Joe has $16 to spend on Twinkies and Hohos. Twinkies are prices at $1 and Hohos are priced at $2 per pack.
Should a company hire temporary workers or hire new workers to handle increase demand for the company's product.
Assuming that wheat and barley both sell for $1, and income is $20, compute the price elasticity, cross price elasticity and income elasticity for wheat."
illustrate what fee customers were willing to pay for expedited payments, the bank conducted a survey. It was able to determine that many of the people surveyed already paid fees for expedited payment services.
Graph Mary's marginal cost curve using the orange line and her marginal revenue curve using the blue line
After that Dewey's opportunity cost of producing one bushel of corn is 1/2 yard of cloth.
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