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An average cost function is given by:
AC=-10Q+2Q^2+75
Where Q is millions of subscribers
What is the total cost function?
What is the marginal Cost function?
What number of subscribers will minimize AC for this firm?
What is the level of AC at this output?
Calculate the Marginal Propensity to Consume - Furthermore you know that the marginal propensity to save (MPS)equals 0.4
In 1991, Brazil and Columbia united to form a coffee cartel and reduce coffee output. Suppose total costs for the cartel are:
During the Kennedy administration and Reagan administration Congress decreased tax rates on individuals. Determine the effect of these rate reductions on revenue flow into federal treasury?
Explain the purpose of rent control and the intended effect on consumers and suppliers of rental property. Does rent control achieve its purpose Using the Internet or the Virtual Library, give some detail regarding real-world experiments in rent cont..
For this assignment you will write a 500- to 700-word memo evaluating two conflicting consultant reports. Your report should.
Illustrate what will be the percent change in hotdog sales if the price of hamburgers goes up by 10%.
A company deposits 2000 in the bank at the end of every year for 10 years. The company makes no deposits during the subsequent 5 years. If the bank pays 8% intereest, how much would be in the account at the end of 15 years?
Lars consumes only potatoes and herring. When the price of potatoes was 9 crowns per sack and the price of herring was 5 crowns per crock, he spent his entire income to buy 5 sacks of potatoes and 10 crocks of herring per month.
Conventional telephones are frequently breaking down, and it takes months to get a new line installed. Firms are thinking of adopting new parallel wireless system offered by private firms,
Explain why Brownstown's management was reluctant to release this information to its lenders.
George and Nancy had a $30,000 repair bill on their home after the tornado went through town. Their policy contained the usual 80% co-insurance clause. Their home's replacement value was $150,000; their policy coverage was $110,000 with a $250 ded..
Refer to the above data. If the product price is $95, at its optimal output will the firm realize an economic profit, break even, or incur an economic loss?
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