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Q1. Illustrate what is the relationship among a firm's total income, profit also total cost?
Q2. The PBM Corporation recently entered the perfectly competitive yo-yo industry. It has a one-year lease for its factory to require it to pay $5 dollars rental each day. The factory can produce up to 10 yo-yos each day. The marginal costs of the ten yo-yos to it can produce in a day are $4, $3, $3, $4, $5, $7, $10, $15, $24 also $40 per yo-yo respectively. Yo-yos sell for $12 each. PBM's maximum daily profit is
Illustrate what is relative PPP. Compute the current pound spot rate in dollar which would have been forecast by PPP.
Illustrate what do economists call the percentage change in real GDP from year to the next. Under a business agreement 70/30 why should the 70% shareholder decision carry all day.
Assume the current market price of candles is such that there is a surplus.
Explain how are protectionist policies from other nations predicted to affect China's relative supply and relative demand.
Free zone would happen if the central bank lowered the federal funds rate and buy securities on the open market.
Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related.
Coke could have followed the price per unit down, but it didn't. Total soft drink demand increased, and Pepsi took a larger share of the demand.
A local restaurateur whose trade had been profitable for many years recently purchased a liquor license, giving her a legal right to sell beer.
Explain how many ships should be produced month if world chip costs are $62 per chips. Forecast the HSE's profit at this output level.
elling price of another product Y in dollars per unit. The inverse delivery curve. Conclude whether X also Y are substitutes or complements.
The US put a specific tariff of €10 on European widgets. Calculate the new equilibrium quantity and price as well as the new Monopoly's profit.
Find out the optimal price-quantity if the firm is not able to price discriminate.
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