A firm has two plants that produce identical output. The cost functions are Upper C 1 equals 309 q minus 8 q squared plus 0.5 q cubed and Upper C 2 equals 309 q minus 14 q squared plus 1.0 q cubed. First, note that if AC 1equals309minus8qplus0.5q squared, then StartFraction dAC 1 Over dq EndFraction equals negative 8 plus 2 (0.5 )q . Similarly, if AC 2equals309minus14qplus1.0q squared, then StartFraction dAC 2 Over dq EndFraction equals negative 14 plus 2 (1.0 )q . At what output level does the average cost curve of each plant reach its minimum? The first plant reaches minimum average cost at nothing units of output. (E

In a small group, members have taken on the task roles of information giver, critic/analyzer, and recorder, and the maintenance roles of gatekeeper and follower. they need to fulfill one more role. which of the following would be most effective for their group dynamics? a dominator b coordinator c opinion seeker d harmonizer

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency,government intervention can improve overall welfare o markets allocate goodseffectively

R& m chatelaine is one of the largest tax-preparation firms in the united states. it wants to acquire the tax experts, a smaller rival. after the merger, chatelaine will be one of the two largest income-tax preparers in the u.s. market. what should chatelaine include in its acquisition plans? it should refocus its attention from the national to the international market. in addition to acquiring the tax experts, it should also determine the best way to drive independent "mom and pop" tax preparers out of business. chatelaine will need to explain to the federal trade commission how the acquisition will not result in an increase in prices for consumers. chatelaine should enter a price-based competition with its other major competitor to force it out of business and become a monopoly.