Practice problem 10A You can sell as much of any product you want at $82. Your TCE (Total cost Equation)
is: TC = 196 +20 + 40

a) What are your fixed costs?

b) What is the profit maximizing level of output?

c) How much profit is the firm making at the profit-maximizing level?

d) Select true or false for following problem: in this situation, the profit-maximizing level
of output is also the level of output that minimizes average cost.

Suppose that a worker in agland can produce either 10 units of organic grain or 2 units of incense per year, and a worker in zenland can produce either 5 units of organic grain or 15 units of incense per year. there are 20 workers in agland and 10 workers in zenland. currently the two countries do not trade. agland produces and consumes 100 units of grain and 20 units of incense per year. zenland produces and consumes 50 units of grain and no incense per year. if each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by a. 30 units of grain and 100 units of incense. b. 30 units of grain and 150 units of incense. c. 50 units of grain and 90 units of incense. d. 50 units of grain and 130 units of ince

Peyton taylor drew a map with scale 1 cm to 10 miles. on his map, the distance between silver city and golden canyon is 3.75 cm. what is the actual distance between silver city and golden canyon?

Which of the following is not an example of one of the four mail advantages of prices on a free market economy