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Assume you are a wheat farmer in North Central Kansas, you have fixed costs per acre of $84, variable cost per bushel is $3.64, and you produce 56 bushels per acre.
-What is your total variable cost per acre?
-What is your total cost per acre?
-If the price you receive is $4.90/bushel, what is your revenue?
-If the price you receive is $4.90/bushel, what is your profit?
-If the price you receive is $4.90/bushel, what is your break-even quantity?
-If you produce 56 bushels per acre, what is your breakeven price?
Why would equal-sized falls in aggregate output due to a fall in aggregate demand have different effects on magnitude and duration of unemployment in se two economies.
A forklift truck costs $29,000 now. A buyer agrees to purchase such a truck with a single payment for the balance due in 1 year. The seller offers two interest schedules: a rate of 6%, compounded yearly, or an annual rate of 5%, compounded continuous..
You are the manager of a firm that produces output in 2 plants. The demand function is P = 120 - 6Q where Q = Q1+Q2. MC associated with producing in 2 plants are MC1=2Q1 and MC2=4Q2. How much output should be produced in plant 1 in order to max profi..
Now suppose that w > 0. What additional types of strategic effects have been introduced into the game? In a reaction function diagram show the different strategic effects of advertising and describe the final equilibrium.
.Compute by how much monetary policymakers mllst change the nominal money supply for the expectations of firms and workers to be realized.
q1. what happened why did you leave the question and suddenly demand higher price?q2. how do i calculate the change in
What is the difference between "aggregation" and a "representative agent?" I'm sorry if I'm not entirely clear on this question, but that's why I ask. It seems to me as if a representative agent is defined as a situation in which a competitive equili..
Suppose a new manufacturing technology results in an expansion in the supply of golf balls in the United States of 15%. If the elasticity of demand of golf balls sold in the U.S. is -0.4, the new equilibrium price will be
Illustrate what effect will each of the following events have on the current account balance and the exchange rate if the exchange rate is fixed.
Assume 2 firms on a street of length 1, with zero costs of production. Consumers are uniformly distributed on this street, desire only one unit of the good, and value the good at V = 100. To get to the firms and purchase the good, consumers need to p..
If we say a good is “perfectly inelastic”, then:
Suppose your Zimbabwean bank account pays interest monthly with the interest rate quoted as an effective annual rate (EAR) of 50%. (a) What percent interest will you earn each month? (b) Suppose the weekly inflation rate in Zimbabwe is 1%. What is th..
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