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Suppose that you can own a car wash and that its total cost function is C= 20 + 2Q + .3Q^2 where C = total cost (in dollars) per hour and Q is the number of cars washed per hour. You receive 5 dollars for each car washed.
A. what is the optimal number of cars to wash per hour?
In an aggregate expenditure model with no government or foreign sectors, represented by C = a + bY and I (an autonomous amount), an increase in the marginal propensity to save causes the multiplier to rise.
Consider palletizer at a bottling plant that has a first cost of $171,112, has operating and maintenance costs of $13,378 per year, and an estimated net salvage value of $62,550 at the end of 30 years. Assume an interest rate of 8%. What is the futur..
Utilize these values at this point on demand to make the subsequent computations.
Relatively more inelastic than those of firms which only make house windows. Which product is to be the most price elastic between housing or automobiles?
The trade or business of manufacturing dolls and accessories
Which of the following possibilities is consistent with the property of diminishing marginal product.
When full employment is reached the aggregate supply curve will (as we move to the right along the curve):
Suppose the demand for loanable funds was stable but the supply fluctuated from year to year. Elucidate what might cause these fluctuations in supply.
Italians focus on past; Americans focus on present. Italians therefore should generally be more resistant to change efforts than Americans. Does culture influence how change efforts will be implemented.
Do you agree/disagree with the following statement: If the government increases the excise tax on bikes, the prices of bikes will rise? However, this will then cause the demand to decrease and as a result prices will fall back to their original level..
label a level of population at which the population is expected to decline. Why is the population dexlining at this point?
Explain why a weaker dollar could involve the UK balance of trade deficit.
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