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jared runs a personal training studio and earned 5000 last month his fixed costs are 4000 and variable costs are 3500
a competitive market is made up of 100 identical firms each firm has a short-run marginal cost function as follows mc
which of the following likely occurs when households and firms become more pessimistica increased spending increased
a true or false an increase in income tax rates will always result in an increase in government tax revenues explainb
assume that no one is concerned about fairness in the tax system all other things equal would a risk averse individual
the marginal cost of preparing a large latte in a specialty coffee house is constant at 1 the firms market research
if the central bank in the preceding question instead holds the money supply constant and allows the shyinterest rate
consider a production function as yaxb and variable cost function vc vxa give the inverse function of the production
consider the market for natural gas with the following market demand and market total-cost functions d pqd 120 -
consider an industry with 2 firms each having marginal cost equal to zero the inverse demand function facing this
select at least five 5 economic concepts and discuss the primary manner in which these concepts impact the world of
1 recall the application 1 in the textbook clearing space debris fill in the blanks the clearing of space debris is an
based on the best available econometric estimates the market elasticity of demand for your firmrsquos product is -15
a - in the short run what is the fixed cost for this firm explain your answer fullyb - suppose this firm produces 30
a firms production function is qi 4ki2li4 the wage rate in this area is w 15 and the cost of capital is r 05a find
1 why should state and federal regulations exempt small businesses until they have more than 5 million in revenue or 50
suppose that firmsrsquo marginal and average costs are constant and equal to c and that inverse market demand is given
assume two firms sell differentiated products and face the following demand curvesq1 15 ndash p1 05p2q2 15 ndash p2
1 on one diagram show demand for river transportation the marginal cost curve for fulton to provide it and the marginal
the affordable care act otherwise known as ldquoobama carerdquo was passed in 2010 and president-elect trump has stated
market demand for a given year is qd 3162277660p-125 solving the function for price yields inverse demand p