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The Blue-Steel Corporation supplies armored truck manufacturers with high-grade sheet metal panels that are used on the exterior of the vehicles. To make the panels, Blue-Steel uses two machines, which cost $15,000 each, and workers. These workers are available on the labor market for a salary of $55,000 each. The market price for one of Blue-Steel's metal sheet panel is $250 and the market is highly competitive.
a. Based on the information provided, calculate the missing values for Table 1.
B. What is the total fixed cost for Blue-Steel Corporation? Explain your calculation.
c. What is the profit-maximizing number of workers Blue-Steel should hire? Explain your answer
D. What is the profit-maximizing output for Blue-Steel based on your calculations?
E. Construct an X-Y Scatter chart using the Workers, Total Output, and MP-Labor column data. At what point does the diminishing returns effect set in?
The yield of a 1-year bond is 3%, the yield of a 3-year bond is 5%, and the expectation on a 1- year bond sold in two years is 4%.
A decrease in the price level might cause: A. an increase in the quantity of aggregate demand because of the substitution effect. B. An increase in the quantity of aggregate demand because of the wealth effect. C. A decrease in the quantity of aggreg..
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Identify and discuss one current event/issue related to politics and economic policy. Identify two news stories about the issue or debate.
Discuss the long run implications of monopolistic competition with respect to (a) utilization of plant, (b) allocation of resources, and (c) advertising and product differentiation. Compare this to the situation of perfect competition.
Consider two countries: South Korea and Taiwan. Taiwan can produce one million mobile phones per day at the cost of $10 per phone and South Korea can produce.
write a 700-1000 word paper in which you address the questions abovenbspusing the guide below. also do your best to
Consider a hypothetical example of trade between the United States (a developed country) and Brazil (a developing country) is as followU.S. Exports ($b) to Brazil U.S. Imports ($b) from BrazilLotion & Powder 80 65Perfume 70 120
Health expenditures in the U.S. have increased from 5% of GDP to 17% of GDP over the past 50 years. List and explain the 3 reasons for this increase.
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