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17 assume a certain firm in a competitive market is producing q 1000 units of output at q 1000 the firms marginal cost equals 15 and its average
suppose the economy were very strong and unemployment very low wages after inflation rise for most americans by about 3 and for highly skilled
a paper mill is considering two types of pollution control equipmentneutralization -initial cost 700000annual chemical cost 40000salvage value
1a cut in government spending a decrease in income abroad an increase in taxes or an expectation that future consumer income will fall will all cause
1 a bank can lend out its excess reserves but not its required reservesa trueb false2 a bank creates money when ita gets new checkable deposits which
if the ce if the of pepsi-cola increases from 40 cents to 50 cents per can and the quantity demanded decreases from 100 cans to 50 cans then
which of the following statements is correcta managerial decisions are affected primarily by microeconomic forcesb by and large
1 for each of the following utility functions draw the three indierence curves that correspond to the three stated utility levels labeling each curve
the marginal cost of educating a college student is 500000 a year the table below shows the marginal private benefit schedule from a college
1 when the government increases taxes to provide traditional public goods such national security there tends to bea widespread benefits and costsb
graph long-run equilibrium to include mc ac d and mr to answers for questions 1 through 41 perfect competition2 industry entry and exit to be
1 all of the questions in this part refer to the market for jelly doughnuts all questions are concerned only with the short run each situation is not
1 the following is a linear programming formulation of a labor planning problem there are four overlapping shifts and management must decide how many
a profit-maximizing monopoly faces an inverse demand function described by the equation py 50 - y and its total costs are cy 10y where prices and
if the demand schedule for bongs book is q 2000-100p the cost of having the book typeset is 9000 and the marginal cost of printing an extra book is
historically shifts towards a more expansionary monetary policy have often been associated with increases in real output is this surprising why or
suppose that the cost of capturing a cockatoo and transporting him to the united states is about 40 per bird cockatoos are drugged and smuggled in
a firm has a long-run cost function cq 4q2 4 in the long run this firm will supply a positive amount of output as long as the price is greater
suppose that dent carrs long-run total cost of reparing s cars per week is cs 2s2 50 if the price he receives for repairing a car is 8 then in the
mary has variable costs equal to vc y2 f where y is the number of bouquets she sells per month and where f is the number of square feet of space
suppose the production function is given by y 4x1 x2 if the factor prices are 4 for factor 1 and 2 for factor 2 how much will it cost her to
a a pick a health and beauty brand and item you use regularly for example shampoo shaving cream moisturizer razor blades etc imagine this brand is