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If a perfectly competitive firm faces a market price 0f $5 per unit, and at this price the upward sloping portion of the firm's marginal cost curve crosses it's marginal revenue at an output level of 1,500 units and the firm produces 1,500 units, it's average variable costs equals $5.50 per unit and it's average fixed costs equals $0.50 per unit. What is the firms maximizing output level? and what is the amount of it's economic profit at this output level?
Include in your discussion your assessment of this organizational architecture structure and suggestions on how it might be improved.
Review Netflix most recent balance sheet, income statement, statement of stockholders' equity and statement of cash flows. Pay particular attention to sales and net income for the last two years. Comment on 2-3 items that you find remarkable on any o..
Operating System Does Not Load Each time you turn on your computer, the operating system attempts to load for approximately 30 seconds and then the computer restarts. You have tried multiple times to turn your computer off and on, but it keeps res..
Why does it make sense to use scarce water resources to grow crops that require the most water? Why don’t farmers conserve water and grow more drought tolerant crops until the drought is over?
Suppose that the U.S. noninstituional adult population is 230 million and the labor force participation rate is 67 percent. Illustrate what would be the size of the U.S. labor force.
In equilibrium, approx what is the firm's total cost and total revenue. Illustrate what is the firm's economic profit or loss in equilibrium.
when the colts won the super bowl the demand for peyton mannings jersey was p 210 - 0.002q with a corresponding
According to an article in the Wall Street Journal the price of flat-screen televisions fell between 2001 and 2004 from more than $8,000 to about $3,000. During that period Sharp, Matsushita Electric Industrial, and Samsung all began producing flat-s..
Does the coffee marketplace meet all six conditions of a perfectly competitive marketplace.
Consider an art auction with two bidders in which the auction procedure is that described in the text. Suppose that the auctioneer raises bids by multiples of one thousand dollars starting at the buyer's reservation price of $2,000 and stopping when ..
How an airline executive might use tourism economics relating to passengers load factors, ticket prices discounts, frequent flyers programs, joint fares, flight frequencies.
What is the difference between Account and Economic Profit?
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