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The total cost function of a steel company is TC(Q) = 0.0003Q3- 0.02Q2+ 0.5Q + 300 , What is the firm's marginal cost at the level of output 50? At the level of output 100?
1.what economic problem is the nation facing?2.what would be the goals of your fiscal policy?3.what exact fiscal policy
Suppose the production function for pasta is Q = 4kl. What is the long-run optimal input combination when Q = 16 , r = 4 , and w = 36 ? What is the long-run total cost function when r = 4 and w = 36?
Andrew Clark is a mixed-crop producer who has recently diversified into berryproduction. He currently grows berries under contract for a local processor whosells frozen berries. The yield from his small operation is 5000 kilograms per year,and he net..
The definition of a price maker is a "firm with some power to set the price because the demand curve for its output slopes downward", which in effect, means those firms with a downward sloping demand curve have some market power. 1.How does a firm..
What you know of the personality under examination, explain which theory or theories of motivation would be most effective for a manager to use when trying to help this individual achieve her or his full potential at work. Describe the process of det..
the village of pescatore is situated next to a medium sized lake in which citizens can fish from privately owned boats.
In addition to preferences, a consumer’s choice is further constrained by
The cost for operating a commercial truck is kn, where k is a constant of proportionally, v is velocity in miles per hours and n is the trip length in miles. It is estimated that at 85 mph, the average cost of operation is $52 per mile.
Those organizations that assist in the movement of goods and services from producer to industrial and consumer users - movement of goods and services from producer
Two firm case and multi firm case.
The problem belongs to Economics, Micro-economics and it is explain the calculating equilibrium price with increase in income of consumers with income elasticity of demand given. A diagram supporting the answer has been given in the answer.
Describe the industry and explain the general pattern of change of the particular market model and hypothesize the basic short-run and long-run behaviors of the model in the industry you have chosen in a "market economy."
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