Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The table above gives the short-run total cost function for a typical firm in a perfectly competitive industry.
a. What is the dollar value of the firm's total fixed cost?
b. Calculate the marginal cost of producing the first unit of output.
c. If the price the firm receives for its product is $20, indicate the firm's profit-maximizing quantity of output and explain how you determined your answer.
d. Given your results in part (c), explain what will happen to the number of firms in the industry in the long run.
e. Assume that this firm operates in a constant-cost industry and has reached long-run equilibrium. If the government imposes a per-unit tax of $2, indicate what will happen to the firm's profit-maximizing output in the long run.
What is secular stagnation?
Explain how the following events affect output, capital and consumption per unit of labor in the long run and along the transition according to Solow's Model:
A factory reorganization is expected to save $40,000 per year. If the interest rate is 12%, how many years does it take to recover the capital cost
Introduction of ancient communities needs and wants of the ancient communities information on system practised in exchanging their goodslogical arrangements of facts conclusion
a number of towns in the united states have begun charging their residents for garbage pickup based on the number of
Why might Medicare ration healthcare according to treatment that is "financially worthwhile" as opposed to providing as much treatment as is needed.
Consider a sharecropper whose contract calls for him to receive ¾ of the output produced in the farm on which he works. Suppose that the value of the marginal product of labor on the shared cropped land is given by 80-L. Where L stands for hours o..
What are the factors that would influence the Federal Reserve in adjusting the discount rate and how does the discount rate affect the decisions of banks in setting their specific interest rates?
Why do you think consumers respond to the "Buy One Get One Half Off" sales promotion and what principle of economics does this behavior reflect?
As economic advisor to the Minister, what important factors should you take into account when advising him? Explain why
Merlin is like all other managers in a perfectly competitive industry except in one respect: Because of his great sense of humor, people are willing to work for him for half the going wage rate.
Most companies have recognized the benefit of the consistent use of information systems to support the daily work of individual employees as well as unifying.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd