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Suppose a firm has the following total cost function: TC = 108 + 4q2. What is the minimum price necessary for the firm to earn profit?
Consider an intertemporal model in which representative households choose consumption, c(subscript t+1) and two types of bonds b(subscript 1,t+1) and b(subscript 2,t+1) to maximize their utility over time, prices are perfectly flexible, and all marke..
Though it does lead to an interesting next question. Illustrate what do you think would happen to sale and price of DVDs after this.
Determine the range of prices for which the firm incurs a loss but continues to produce. Also determine the range of prices for which the firm earns a profit.
Suppose a nation picks 1000 young adults at random to serve in the army. Illustrate what information do you need to determine the cost of using these people in the Army.
Why is it important to know Elucidate how much output is being produced
q1. what would be the production possibility frontiers for brazil and the united states? without trade the united
Suppose that annualized interest rates on 3 month CD’s in the U. S. are .375 % while in the Australia annualized interest rates on 3 month deposits are 1.10%. What must currency traders expect to happen to the exchange rate of the US $ in terms of th..
Indian GDP in 2010 was 78.9 trillion rupees, while U.S. GDP was $14.5 trillion. The exchange rate in 2010 was 45.7 rupees per dollar. India turns out to have lower prices than the United States (this is true more generally for poor countries): What i..
If Michael is spending all of his money on these 2 snacks which he purchase more chips also less ice cream as well as purchase less chips.
A country has a financial account surplus if the balance on the:
What is the central idea of mercantilism? Explain how this central idea was illustrated by the mercantilist period of history and how it compares to neomercantilist policies being used today.
Consider a competitive market. Starting from the long-run equilibrium, suddenly, fixed costs decrease, although variable costs remain unchanged. Discuss the short-run and long-run changes in market equilibrium. Include all figures and diagrams you nd..
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