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A seafood restaurant in a beach resort town has a fixed (unavoidable) cost of $1,000 per month and variable (avoidable) costs of another $1,000 per month. Its total revenues over the six warm months amount to $17,000, so that its profit for this period is $5,000. Its total revenues over the other six cold months are only $7,000, however, so that it loses $5,000 over those months, and just breaks even over the year as a whole. Wouldn't the restaurant do better by staying closed out of season?
how to calculate it
Q. Determination of all the endogenous variables? Determination of all the endogenous variables in the AS-AD model Determination of P and Y: Prices and
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impact of change in government expenditure and tax on fiscal policy
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Following on papers by Pacala and Socolow,1 The Carbon Mitigation Initiative at Princeton University, http://cmi.princeton.edu/ has summarized carbon stabilization strategies at
if we impose any rule and regulation on clasical model like not expoit polutionso what is effect on factor of clasical model
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