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A competitive firm's cost function is ( ) = 100 + 10 - 2 + 1 3 3 .
a. What is the profit maximizing condition of the firm?
b. What is the minimum price below which the firm will not operate in the short run?
c. What is the equation of the SR supply curve?
d. What is the quantity that the firm will supply when the market price is 25?
As the price of gasoline ranges from $3.00 to over $4.00 a gallon in a year, the amount of gasoline bought remains about the same; does this mean that gasoline is an exception to the law of demand or is there some better explanation?
Robin is a scientist to he considers two path to estimate the probability that Peggy will say yes.
Evaluate whether developmental assistance from world developmental agencies, such as the World Bank or the United Nations, would be preferable to private
The agreement required the tobacco companies to pay the states $246 billion over twenty- five years. The tobacco companies are going to have raise prices to be able to pay the states.
What would be drain on U.S. GDP (as a percentage) from paying interest on net foreign debt. What if net foreign debt were 100 percent of GDP? Size of its foreign debt.
A project requires $268,980 of equipment that is classified as 7-year property. What is the book value of this asset at the end of year 3 given the following MACRS depreciation allowances, starting with year one: 14.29, 24.49, 17.49, 12.49, 8.93, 8..
Some businesses will examine either pricing structure and modify it in order to maximize revenue, either by raising or lowering price. Cost and Revenue Curves simulation and this week's readings could organization you have chosen lower prices to in..
A pretzel-stand owner in Chicago hires workers to make hot pretzels and sell them to customers. If the firm is competitive in both the market for pretzels and in the market for pretzel-makers, then it has
Petroleum Drilling, Inc., is considering installation of a new automated drilling equipment. The new equipment can be installed for $12,850,000 today and will have a life of 4 years until technological obsolescence due to rapid advances in drilling c..
How many kilometers must a car be driven per year for leasing and buying to cost the same? Use 10% interest and year-end cost. Leasing: $0.20 per kilometer Buying: $5000 purchase cost, 3-year life, salvage $1200, $0.04 per kilometer for gas and oil, ..
That is, calculate the payment for borrowing $15,000 at 6.5% interest for 3 years then substract the payment for borrowing $5,000.
During the World War II, both Germany and England had plans for a paper weapon: they each printed the other's currency, with the intention of dropping large quantities by airplane. Why might this have been an effective weapon?
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