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Q TFC TVC TC AVC MC
0 ____ ____ 10 ____ __0_
1 ____ ____ 16 ____ __6_
2 ____ ____ ____ ____ 4
3 ____ 12 ____ __4__ ____
1) What are total fixed costs?
2) What is the marginal cost of the first unit of output?
3) What is the total cost of 2 units of output?
4) What is the total variable cost of 2 units of output?
5) What is the marginal cost of the third unit of output?
Identify and briefly explain three specific topics or ideas that you found to be the most important and/or most interesting. Be specific, and explain. Do you plan to apply any of the topics/ideas in your current employment? Why? How?
What would you expect to happen to the domestic money supply as R and y both increase along a stable BB curve? Explain in intuitive terms what forces would tend to bring about such a change in the money supply.
he Fed began paying interest on reserves in October 2008. Holding all else constant, what effect would this have on the money supply? When the Federal Reserve injects money into the banking system, it initially causes an excess _____ of money. Equili..
Rain Makers Corporation is negotiating a five-year contract with its new CEO, Earl Honeywood. The corporation has proposed two contract options for the CEO, outlined as follows: A five-year contract, starting January 1, Year 1, for $7,000,000. Earl H..
Given the market for wheat in equilibrium, assume that the government imposes a price floor on wheat. Explain what happens to the market for wheat as a result of this action? Draw and graph to fully illustrate the situation.
A peanut supplier is new to sponsorship and wants to get an outside opinion on the advantages of signage in baseball stadiums. Which company gives advertisers a read on the impact of various signs at various sporting venues?
Mr.A makes $50,000 a year and pays $10,000 in taxes. Ms.B makes $30,000 a year and pays $6,000 in taxes. Find the tax rate and after tax income for each of them. Identify what type of tax this is. Consumption is $6 trillion, investment is $2 trilion ..
Which of the following statements about marginal utility is correct?
In his book, Capitalism and Freedom, economist Milton Friedman argues the narrow view of corporate social responsibility for businesses
they added five workers, and productivity also increased by 50,000 pages per day. Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier?
Why tax multiplier is smaller than the multiplier for the same amount of government spending? Please explain with the following data: $1 million tax cuts, $1 million increase in government spending, MPC=0.75.
The purpose of this assessment is to help you recap the concepts covered in this course and discuss the challenges you have faced in previous assessments. Review the concepts covered in the previous modules and discuss the following questions: How do..
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