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A firm has two production plants where they produce the same product. The cost function at plant #1 is
\(C_{1}(Q_{1})=10Q_{1}+.5Q_{1}\)
The cost function at plant #2 is \(C_{2}(Q_{2})=10Q_{2}+2Q_{2}^{2}\) A) If the firm wants to produce Q total units of output, what fraction of Q will be produced at plant #1? What fraction at plant #2? Show all work.B) What is the firms total cost function in terms of Q?
A business have 4-lockbox collection centers that average $235,00 in payments each day. Payments are invested daily in shortterm securities at collection center banks.
Elucidate which economic concepts, sure as comparative advantage, apply to your firm. Explain how these economic concepts can be used to address the firms's problem and opportunities.
Illustrate what is the amount of the producer surplus for Juan Carlos combined.
The ability to create new products and process and to organize production to make goods and sevices available.
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You are a pharmacist in a small town. Explain how can you use this information to your advantage.
How many economic activities can be seen in this particular market? Which specific goods/services are related with these economic activities?
Assume that the MPC is .8 and that $10 trillion of real GDP is currently being demanded. The government wants to increase real GDP demanded to $11 trillion.
The consumer must pay $20 for good 1 and $15 for good 2. The consumer's monthly income is $6,000. A) determine the optimal quantities of X1 and X2 the consumer should purchase in order to maximize their utility. B) what is the maximum level of utilit..
Suppose that an raise in a household's disposable income from $40,000 to $48,000 leads to an raise in consumption from $35,000 to $41,000,;
The price elasticity of demand for a textbook sold in the US is estimated to be -2.0, whereas price elasticity of demand for books sold in overseas markets is -3.0.
Assume that a profit-maximizing firm is perfectly competitive in both the output and the factor markets and is at its long-run equilibrium. The firm's output is 100 units, its total revenue is $600.00, and the fixed cost of production is $50.00. B..
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