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1. Why is marginal analysis important in economics? How do the tutorials Basics of Marginal Analysis and Understanding and Applying Marginal Analysis at the end of this week's lecture reinforce the concepts of marginal analysis? How can any firm find the right production level which guarantees maximum profit (or minimum loss)?
2.Name some of the ways firms attempt to control their costs. How does your firm control costs? The key here in keeping this question interesting is that reducing the workforce or having one person do the work of three people are not the only ways to control costs.
suppose that omars marginal utility for cup of coffee is constant at 2.5 utils per cup no matter how many cup he
Acc to lot of theories when the interest rate rises, then the corporates stops taking the loan with which the liquidity in the mkt. decreases which increases the value of money and hence inflation will decreased
Use method of Lagrange multipliers to find the cost function c(r,w,y). Find out the average and marginal cost. Find out the interpretation of the Lagrange multiplier in part (a)? What is the importance of term (a+b) being less than, equal to, or grea..
Industry studies often suggest that firms may have long-run average cost curves that show some output range over which there are economies of scale and a wide range of output over which long-run average cost is constant.
The overall population for Region A is 95 million people. The labor force contains 67 million people. 32 million people are employed, while 35 million are unemployed. What is the unemployment rate? Round your answer to the nearest whole number.______..
Citrus Speculation and Forecasting, Corporation, has been employed by a private consortium of orange growers to forecast what will happen to the price and output of oranges under the situations listed below.
suppose your firm produces electricity by burning coal. currently it buys central appalachia 12500 btu per ton coal at
Consider an electric company that generates atmospheric pollution. Suppose the Government imposes a tax directly on the sellers of electricity. Consider the market education. Let the Government provide a subsidy to the students. This policy will hav..
Supposing that when the three firms set the same price they share the market evenly, demonstrate that collusion at the monopoly price is not sustainable, using the Bertrand Nash Equilibrium of marginal cost pricing forever as the punishment strate..
Recognize the impact that supply and demand for health services has on the health care economy - What is the demand for technology in your community?
in the following table are demand and cost data for a pure monopolist. complete the table by filling in the columns
At the equilibrium price, the demanded is equal to the quantity supplied. At any other price (called a disequilibrium price) there is either a shortage or surplus. Calculate the amount of the shortage at a price of$ 5.30.
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