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Why is the shut-down price and quantity found at the lowest part of the AVC (average variable cost) curve?
Invitation to Dance Contains unread posts Actions for Invitation to Dance There is a new film on disability and the arts, the trailer for which is here: What cultural and/or individual prejudices have prevented more people with disabilities from part..
Finding the required interest rate Your parents will retire in 15 years. They currently have $270,000, and they think they will need $850,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any ad..
How much excess reserve does your deposit generate for the bank? What is the maximum amount of new money that can be created in the banking system as a result of this deposit? Show all work.
Two firms compete in an undifferentiated Bertrand market. Suppose that the firms face a demand curve given by P = 60 – Q and both firms have constant marginal cost of 40. What is the market clearing Bertrand price and quantity?
Suppose we have an economy of four people. One very rich person makes $100,000 per year, while three (relatively) poor people make $20,000. Suppose the rich person has an MPC of 0.2, and the poor have MPC’s of 0.8. Assess the following statement: If ..
In the last few years, your company made a concerted effort to improve its minority hiring, so many of the new employees are minorities. How should you decide who to lay off?
Patrice owns a travel agency. Her accountant most likely includes which of the following costs on her financial statements?
Firm C produces 1,000 pounds of cotton at a cost of 50 cents per pound. They sell all of the cotton to Firm S for 75 cents per pound. Firm S makes 1,000 t-shirts with the cotton for a total cost of $1.50 per t-shirt. There are no other firms in this ..
The Heckscher-Ohlin model is about how factor abundance/scarcity affects trade. Consider factors such as capital, skilled labor and unskilled labor. It is usually held that developed countries are relatively abundant in capital and skilled labor, and..
Suppose you are the manager of a golf club with monopoly power. a typical consumer's inverse demand function for your firm's product is Q=100-20Q, and your cost function is C(Q)=20Q. If you apply a two-part pricing strategy, how much would be the mem..
Information Security is an important and growing field in eCommerce. Cybercriminals continue figure out new ways to steal, deface and antagonize businesses. Businesses arm themselves with professional security people and programs to protect their cus..
Which factors tend to be associated with high competence in routinized tasks? Routines are an important explanatory element of evolutionary economics. Nelson and Winter note that the roles played by routines include: The “competency puzzle” is useful..
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