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Severin, the herbalist, is famous for his hepatica. His total cost function is c(y) = y^2+10 for y>0 and c(0)=0. (That is, his cost of producing zero units of output is zero.)
a) What is his marginal cost function? What is his average cost function?
b) At what quantity is his marginal cost equal to his average cost? At what quantity is his average cost minimized?
c) In a competitive market, what is the lowest price at which he will supply a positive quantity in long-run equilibrium? How much would he supply at that price?
since the firm faces an upward sloping curve, it will not pick E* (equilibrium level of employment) How will it decide how much labor to employ, and how will this equilibrium level of employment (E**) compare with E*? Explain the reason for the di..
q1 the demand for packs of pokemon cards is given by the equation qd 500000 - 45000p. ata price of 2.50 per pack what
Based upon your own internet research, identify and comment on two supply-side initiatives included in the current U.S. stimulus package. Ensure your response includes one strength and one weakness in each of these initiatives.
Suppose you are starting your own Internet business. You make a decision to form a company that will sell cookbooks online. You estimate that the yearly cost of this business will be given as follows:
1 the great philosopher rogers once said that you need holding knowledge h folding knowledge f and economics knowledge
a polling company obtains an alphabetical list of names of voters in a precinct. they select every 20th person from the
A benefit of holding money (cash) is ____, while the opportunity cost of holding money is ____. The nominal demand for money is ____. The aggregate demand curve will shift to the left EXCEPT when ____. A possible SHORT-RUN effect of a one-time only d..
the xerxes company is composed of a marketing division and a production division. the marketing division packages and
True&False: If George types 50 words per minute and Mary types 120, then it certainly makes more sense for Mary to be employed as a secretary than for George to be.
it is observed that a walmart store driver successfully made a total of 104 trips in a given period time. during field
1.explain the factors of production and give an example for each one.2.what is the difference between a normal good and
the demand function for einstein bagels has been estimated as followsqx -15.87 - 40.73px 84.17py 0.55axwhere qx
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