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One cause of continued poverty in America is
1.a. Why would a firm that incurs losses choose to produce rather than shut down?
b. The supply curve for a firm in the short run is the short-run marginal cost curve (above the point of minimum average variable cost). Why is the supply curve in the long run not the long-run marginal cost curve (above the point of minimum average total cost)?
c. In long-run equilibrium, all firms in the industry earn zero economic profit. Why is this true?
1.Given the following demand equation P = 60- 2Q and the cost equation TC(q) = 100+3Q2
For the market of shoes
a.If the enterprises in this market take advantages of perfectly competitive market, find the equilibrium outputs and price.
b.If the seller in this market takes the advantages of pure monopoly, find the equilibrium outputs and price.
c.If the seller in this market takes the advantages of oligopolistic market, find the equilibrium outputs and price.
In general, one difference between liberals and conservatives is that:
Acme tobacco is currently selling 5,000 pounds of pipe tobacco per year.Due to competitive pressures, the average price of a pipe declines from $15 to $12. As a result, the demand for Acme pipe tobacco increases to 6,000 pounds per year.
a) What is the cross elasticity of demand for pipes and pipe tobacco?
b) Assuming that the cross elasticity does not change, at what price of pipes would the demand for pipe tobacco be 3,000 pounds per year? Use $ 15 as the initial price of a pipe
printing sentence in decreasing order based on number
example
input= It took 13days 14nights to reach delhi by walk
output=It took 14days 13nights to reach delhi by walk (as decreasing order is 14,13 just numbers got replaced not word)
Ariel dropped a golf ball from her second story window. The ball starts from rest and hits the sidewalk 3.5 s later with a velocity of 15.0 m/s. Find the average acceleration of the golf ball.
Bold
Italic
Underline
Use a well labelled diagrams to show how production Isoquant can be used to explain:
1)Increasing returns to scale
2)Constant returns to scale
3)Decreasing return to scale
BAT Industries is a manufacturer of orange juice in Jamaica. In 2022 it sold a bottle of orange juice to wholesalers for $100 and its variable costs is $40 and fixed costs is $100,000 monthly:
Using the information provided.
i. How many bottles of orange juice must the company sell in order to break even and what is the breakeven revenue?
ii. If the company sold 1,500,000 bottles of orange juice for the year 2022, what was its profit?
iii. Due to inflation, in 2023 fixed costs are expected to rise to $175,000 monthly. What will be the NEW break-even quantity and revenue?
iiii. If the company will sell the same number of orange juice as it did in 2022 and it wants to make the same profit as in 20222, what price should they sell each bottle of orange Juice for in 2023?
Can some working out be shown please?
Prove or disprove: For all x ∈Z,if x mod11=5,then x 2 mod11=3.
#340153 on Dec 2023