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The cost function at a car manufacturing firm estimated as TC = 250 + 150Q - 2.5Q^2 + 0.5^3. Derive the MC and AC functions; What are TC amd AC at an output of 123 units? What is the value when AC is at a minimum? What is the value when MC is at a minimum?
Use the information on United State real GDP below to compute real GDP per person for each year. Then use these numbers to compute the percentage (%) raise in real GDP per person from 1987 to 2005.
GDP (You may use the purchase power parity figures.) Per capita GDP, GDP growth rates for the past 5 years, Percentage of GDP spent on military expenditures,Population and population growth rates for past 5 years
Are you a Classical or Keynesian economist? Pick a perspective and defend.
Assume that you test the Linder hypothesis by comparing Germany's absolute difference in per capita income from each of its trading.
At some of these schools, economics professors have lighter teaching loads than professors in some other fields. Illustrate what role do the differences in teaching loads play.
When price is greater than average variable cost but less than average total cost at the profit-maximizing level of output, a firm should continue to produce the level of output at which marginal revenue equals marginal cost.
Suppose that output increases to 209. Redo the calculations in (a) and (b). Explain (in terms of savings and investment) the reason for the interest rate change.
A topic that reflects one of the following: government regulation of environmental issues in the wake of disasters; government regulation of financial markets; government nationalization or partial-nationalization of a business often left to priva..
Explain how do the principles of microeconomics which you have leaned in this course apply to other nations.
Suppose a country's nominal GDP is $600 billion, government expenditures less debt services are $145 billion, and revenue is $160 billion.
Elucidate the adjustment that will take place in the catfish farming industry in Louisiana that will result from the implementation of the pollution fee. Use diagrams with "U" shaped cost curves.
As a portfolio manager whose company has investments in a country with a high level of debt what would you do to raise your companies profit or protect their interest if;
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