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Find the Profit Maximizing output and total profit from the information
Demand Function :Q=20-0.4P and
Cost function:TC (C) =25+Q+0.2Q²
Marcus has a pension plan with an annuity that is guaranteed to earn 13% interest compounded semi-annually. He plans to work for 10 years before retiring and would then like to be able to draw an income of $110,000.00 per annum for 18 years. How much should he deposit annually into his retirement fund to accomplish this?
A farmer has been using 2 employees and 1 tractor to produce 1000 bags of maize. If the farmer increases the employees to 4 and the tractors to 2 what would be the nature of returns to scale if production rose to
(I) 2000 bags
(Ii) 500bags
(III) 3000 bags
Which of the options in this scenario are correct? A car dealership has 10 BMWs, 5 KIAs and 15 AUDIs.
The ratio 3:2 compares:
[1] BMWs to AUDIs [2] AUDIs to KIAs [3] AUDIs to BMWs [4] BMWs to KIAs
What are the ten sources of banking law in Zambia? 7marks
What is the role of the financial intelligence center? How Is it effective? Are they in conflict with the drug Enforcement commission?
Which fraction is equal to:
a. a quarter
b. a sixth and
c. two thirds , respectively
As the chapter states, GDP does not include the value of used goods that are resold. Why would including such transactions make GDP a less informative measure of economic well-being?
By using the knowledge of relationships among the various costs of production concepts fill the blank space of the following table.
Quantity TC TFC TVC ATC AVC MC
0 125
10 5
20 105
30 110
40 255
50 3
60 3
The government purchases component of GDP does not include spending on transfer payments such as Social Security. Thinking about the definition of GDP, explain why transfer payments are excluded.
