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Apple-R-Us is a Washington apple orchard. Its long run total cost curve is TC=Q^3-40Q^2+430Q; where q is the number of apples per week.
A) what is the general shape of Apples-R-Us total cost curve?
B) what is Apple-R-Us average cost function?
C) at what level of output does average cost reach a minimum ?
D) what is the average cost at its minimum?
E) what is the marginal cost for Apples-R-Us?
F) show that Apple-R-Us marginal cost curve intersects average costs at average costs minimum?
Using a wholesale cost of $4 per case in each state, calculate the breakeven output quantities for each alternative.
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Compute the price of the machine, which will make purchasing or leasing to be equally costly.
Assuming that wheat and barley both sell for $1, and income is $20, compute the price elasticity, cross price elasticity and income elasticity for wheat.
The water industry in Springfield is competitive, with numerous buyers and sellers. What is the market equilibrium quantity?
Illustrate what about burning all but one of his ships made to a utilize, powerful strategic commitment for Cortes in Mexico.
Illustrate what are the arguments for using real per capita GNI to compare living standards between countries. What weakness does this measure have.
Empirical estimate of the price elasticity of demand indicate that teams actually price in the inelastic portion of the demand curve. Give one example why teams might price their tickets like this.
In your paper, write your first-person account of how human interactions in your community have been realized.
Substantive responses use theory, research, and experience or examples to support ideas and further the class knowledge on the discussion topic.
How will the effect on price of an outward shift in demand for labor differ from the effect on price of an equivalent shift in the demand for land.
Illustrate what is the WTO. Briefly describe one trade topic identified by the WTO on the website. And, what did you learn from the Web site about the WTO.
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