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Suppose a firm is producing 1,000 units of output (Q). Its average fixed costs are $50. Its average variable costs are $25. What is the total cost (TC) of producing 1,000 units of output (Q)? It the price (P) of the good is $100, what is total revenue? What is total profit?
Explain how you would tell the employee and your remaining subordinates.
Evaluate the arguments of the two partners. For full points please also explain and illustrate their points by identifying the relevant and irrelevant costs for this decision.
Which is a tax on profits generated from mining of iron ore and coal.
If the George Firm is minimizing costs, its RTS is 1.5, and it pays its workers $30 per hour, how much must it pay for each hour it uses its capital?
How much income gets you into the top quartile or quintile. Discuss the issues of regressive, proportional, and progressive taxation.
Elucidate why would elasticity of demand be important to you in determining the products on which the taxes should be levied.
Illustrate what were the major factors that have affected US household consumption While the recession in 2001
Evaluate the institutionalist economists. Determine which economist you feel made the most significant contribution to economic theory. Justify your selection.
How cost variance calculated? What does it mean when it's negative? What does it mean when it's positive? When evaluating a work package with a negative cost variance.
explain how changes in equilibrium occur as a result of changes in fiscal and monetary policy.
Explain how the indifference curve and budget line apparatus are used to derive a consumer's demand curve.
Which of explanatory variables in regression are statistically significant, Elucidate. How much of total variation in pie sales does regression model elucidate.
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