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A car manufacture produces cars under a total cost function
TC(q)=10+4q+2q2
1) Which part of the cost is fixed cost and which part of the cost is variable cost?
2) What is the marginal cost? What is the average cost?
3) In the short run, what is the market price below which this shipping center will shut down production?
4) In the long run, what is the market price below which this shipping center will close
Can you think of something that may have caused AD to be reduced in recent history? Perhaps a weather event or a natural event?
Analyze how these changes affect the market including how price and quantity will change generally. Use supply and demand diagrams as needed.
This fee includes reproduction of the music,packaging, customer management, shipping and promotion costs. Big Apple has virtually no on-going fixed costs. Calculate the long run profit maximizing price and quantity sold.
Through what instrument does the central bank carry out monetary policy? How do the bank's actions transmit through the economy
Describe three ways we can use macroeconomic analysis, with one original example for each way. You are running a small yard maintenance business for the summer.
A decline in foreign demand for U.S. goods: Suppose the European and Japanese economies succumb to a recession and reduce their demand for U.S. goods.
Elucidate the interpretation of the coefficient b. Do the demand functions satisfy the relevant homogeneity conditions.
Find macro data on the British economy's performance since 1998 (in?ation, unem- ployment, real GDP growth) and compare these with euro zone data.
the classical economists held that the rate of interest would equate planned investment and planned saving so that all
Identify the key features of the Affordable Care Act in the United States as well as the key features of healthcare proposals or systems in one other country.
At what output and price will the firm maximize total revenue?
Sometimes the charge is made that a country (e.g., China) is arbitrarily enhancing its current account surplus by keeping its currency at "too low" a value.
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