Suppose a firm’s total cost curve is TC = 50Q2 + 10Q + 800 and marginal cost is MC = 100Q + 10. Find the output level that minimizes average total cost and average variable cost, respectively.

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A: Dear Student, as your question contains multiple sub-parts but we are allowed to attempt only…

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A: In perfect competition there are large number of firms and in monopsony, there is only firm.

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A: Game theory refers to the study of how people (or organizations) use strategy to attain a favorable…

Q: Price Quantity Demanded Quantity Supplied $110 815 525 $125 620 $140 505 620 795 The above supply…

A: Price Q Demand Q Supply 110 815 525 125 620 620 140 505 795

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A: The information given in the question is as follows:- Economy's real GDP = $5000 Billion Total…

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A: * SOLUTION :-

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A: d) Real GDP;

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A: Dear learner you have posted multiple questions, as per our policy we have solved only first…

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A:

Q: Economics

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Q: Consider the following game in strategic form. e 3, 1 10,5 1,4 6,6 7, 10 4,8 1,9 7,3 2,5 7,2 3, 4 a…

A: Weakly dominant strategy gives the equal or less payoff compared to its other available strategies.

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A: Given  π=Q2-13Q+78             .... (1)TR=12Q-Q2                  ..... (2)

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Q: 4. 1. What has Government spending done to help the GDP during the covid Pandemic era? 2. What…

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Q: Solve c

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Q: 3. Suppose that initially Px = 2, Py = 8, 1 = 96 and the Marshallian demand function for %3D %3D %3D…

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Q: 2. An investor has a principal amount of $P. If he desires a payout (return) of 0.1P each year, how…

A: * SOLUTION :-    (2) From the given information the answer is provided as below as ,

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A: Total product is the total output produced using factots of production or resources. Labor, capital…

Q: What are the relevance of the state amid globalizations.

A: Globalization also fosters a sense of interdependence, which càn lead to power inequalities between…