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Question: It costs a company $35,000 to produce 700 graphing calculators. The company's cost will be $35,070 if it produces an additional graphing calculator. The company is currently producing 700 graphing calculators.
(i) What is the company's average cost?
(ii) What is the company's marginal cost?
(iii) A customer is willing to pay $60 for the 701th calculator. Should the company produce and sell it? (YES/NO). Explain.
Diamond makes an argument that all stratified societies employ one (or a combination) of four means to enable and justify the distribution of the social surplus. From the readings, discuss feudal stratification and how it was enabled and justified..
Calculate Bob's marginal rate of substitution as a function of L,C, and α.
The long run supply curve for a particular type of kitchen knife is horizontal line at a price of dolla three per knife. The demand curve for such a kitchen knife is
When a timber mill makes logs from trees it also produces sawdust, which is used to make plywood.
According to the National Association of Colleges and Employers (NACE), the average starting salary for a college graduate from the Class of 2013 is $45,327 per year.
outsourcing offshore please respond to the following answer the following discussions on the decision to outsource
Whole Foods buys organic beets from two suppliers, one in Ames and one in Zearing. The price per unit of the Ames beets is $4.50 and the price per unit of the Zearing beets is $7.00. Define variables that would tell how many units to purchase from ea..
1. actions managers take to attain the firms goalsnbsp tactics plans strategy goals2. performing activities that
Discuss the major difficulties associated with estimating the benefits of water pollution abatement. Propose a policy approach that would promote states' use of benefit-cost analysis in setting and evaluating standards.
brian and kim own a business employing 8 workers to produce commemorative t-shirts for campus organizations and events.
explain the differentiating characteristics of public and private goodslist any five private goodsbread cinemas
Draw a new cost diagram including all of the same curves as before. Does this firm now make negative, zero, or positive economic profit in the short run? Based on that, should the number of firms in the market go up, down or stay the same. Draw an..
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