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Demand for widgets is given by: q = 1440 - 50p. Sketch the marginal cost curve for the typical firm. Determine short-run market equilibrium production and price.
Ninety new competitive mills enter the market. What becomes the new short-run equilibrium market price and output? What will be the long run market equilibrium price and output? How many mills of what
2 million of the employed are working part-time, half of whom wish to work full-time. If 1 million of those unemployed are cyclically unemployed, what is the natural unemployment rate?
The equilibrium price of coffee mugs rose sharply last month, but the equilibrium quantity was the same as ever. Three people tried to explain the situation. Which explanations could be right? Expla
If Russia and South Africa formed a cartel, what would be the price and quantity? If the countries split the market evenly, what would be South Africa's production and profit?
Graph the marginal-revenue, marginal-cost, and demand curves. At what quantity do the marginal-revenue and marginal-cost curves cross? What does this signify?
The state government and raise employment in the Indiana State wine industry. Do you agree with these claims. By the standard of economic efficiency, is it a good policy?
Thereby causing weekly output to rise by two units and total costs to increase from $3000 per week to $ 3300 per week. What is the marginal physical product of hiring five workers instead of four?
A company is planning to invest $75,000 (before taxes) in a personnel training program. The $75000 outlay will be charged off as an expense by the firm this year (Year 0). The returns estimated from
Determine the likely impact of the proposed 15 percent excise tariff on the equilibrium price and quantity of lumber exchanged in the U.S. Would domestic consumers and producers benefit from the pro
Graphically, explain the demand for goods function and indicate the equilibruim position. Explain the determination of the equilibruim interest rate on the financial market.
Suppose the consumption function is C 5 $500 billion 1 0.9Y and the government wants to stimulate the economy. By how much will aggregate demand at current prices shift initially.
Choose an organization not previously selected that has a high fixed cost and low variable cost balance to run its operations. Discuss the balance of fixed and variable costs for the organization.
distinguish between the law of diminishing returns and decreasing returns to scale.
Given the following information for Evenflow Power Co., the WACC ________is percent. Assume the company's tax rate is 34 percent.
You offer to give them the product in exchange for %50 of their cost savings. Describe the information asymmetry, the adverse selection problem, and why soft selling is a successful signal.
Company varies in the short run is the number of hours worked by people already on its payroll, would shifting from paychecks to payroll cards reduce the firm's total fixed costs or its total variab
The cost of entering the market (regardless of which market you select) is $250,000, should you enter one of the European markets? If so, which one? If you enter, what is your expected profit?
The concepts of accounting costs, economic costs, explicit costs, implicit costs, opportunity costs and sunk costs to explain why it is neither priceless nor free.
Provide an alternative to cracking down as a means of increasing the productivity of the sheet metal workers. Fully explain your alternative in terms of production theory.
Make substantial contributions to the company until after the program is over (programs may run between 6 to 18 months). In offering such training programs, is a company violating the optimality rul
If a portion of the loans extended by commercial banks is taken as cash rather than as checkable deposits, the maximum money-creating potential of the commercial banking system will?
Suppose the government imposes a 25-percent tax on accounting profits. This tax is only levied if a firm is earning positive accounting profits. What will your after-tax accounting profit be in the
Which is fermented and distilled to make ethanol, and accounts for approximately 55% of the cost. What is the effective rate of protection on the process of turning corn into ethanol?"
Explain what President Roosevelt might have been trying to achieve, using the model of aggregate demand and aggregate supply. Draw diagrams to explain.