📘 economics

1. **State the problem:** Find the value of $x$ that maximizes the daily profit for a firm with total cost function $$C(x) = x^3 - 6x^2 + 13x + 15$$ and total revenue function $$R(

1. **State the problem:** We are given the marginal cost function $MC = 2000 - 320x + 3x^2$, fixed cost $= 18000$, and price per unit $= 6800$. We need to find the cost function, r

1. **State the problem:** We are given the supply curve $p = \sqrt{9 + x}$ and the quantity sold $x = 7$ units. We need to find the Producer's Surplus. 2. **Recall the formula for

1. **State the problem:** We are given the supply curve $p = 9 + x$ and the quantity sold $x = 7$ units. We need to find the Producer's Surplus. 2. **Formula for Producer's Surplus

1. **State the problem:** We are given demand and supply functions for a commodity: Demand: $P_d = 18 - 2x - x^2$

1. **State the problem:** We are given the marginal cost function $$MC = 10000 - 20x + x^2$$ and a fixed cost of 9000. We need to find the total cost function $$C(x)$$. 2. **Recall

1. **Problem statement:** Calculate the consumer surplus for the demand functions given the market prices. 2. **Consumer Surplus (CS) definition:** It is the area between the deman

1. **State the problem:** Calculate the price elasticity of demand (E_P) using the midpoint formula given quantities and prices. 2. **Formula:**

1. **Problem statement:** A company sells goods at 8000 per unit. The total cost (TC) to produce Q units is given by $$TC = 900000 + 3000Q$$.

1. **Problem Statement:** Calculate the balance of trade, invisible trade balance, and balance of current account using the given balance of payment data. 2. **Given Data:**

1. Diketahui fungsi permintaan produk X dan Y adalah $$P_x = 36 - 3Q_x$$ dan $$P_y = 40 - 5Q_y$$ serta fungsi biaya bersama $$TC = Q_x^2 + 2Q_xQ_y + 3Q_y^2$$. 2. Tujuan: Tentukan j

1. **Problem Statement:** Calculate NGDP, RGDP, percentage changes, GDP deflator, and inflation rate using the given quantities and prices for commodities Teff, Sorghum, and Wheat

1. **State the problem:** We have a cost function for producing $x$ items: $$C(x) = 2x^2 + 3x + 98$$

1. **State the problem:** We are given the daily production cost function for manufacturing $x$ chairs as $$C(x) = 50 + 14x + \frac{x^2}{2}$$ and the demand function as $$p = 150 -

1. **Stating the problem:** We are given the daily production cost function to manufacture $x$ chairs as $C(x) = 50 + 14x + \frac{x^2}{2}$.

1. **State the problem:** Find the equilibrium price and quantity where demand equals supply. 2. **Given functions:** Demand price $p=8-D^2$ and supply price $p=D^2+6D$.

1. **Problem statement:** Find the maximum total production (TPmax) and the labor input $L$ that achieves this maximum for the production function $$TP = -4L^2 + 64L$$. 2. **Formul

1. **Problem Statement:** Given Average Cost (AC) = 30 and Average Variable Cost (AVC) = 20 at output level $S$, calculate Total Fixed Cost (TFC). Also, explain why the short-run a

1. The problem is to understand how price elasticity of demand affects total revenue when price changes. 2. Price elasticity of demand measures how much quantity demanded changes i

1. **Stating the problem:** We are given demand and supply data for watermelons at different prices and asked to find the new equilibrium price if supply increases by 60% at each p

1. **Stating the problem:** The question asks to discuss two major critiques of Marx's Labor Theory of Value (LTV) and how Marx or Marxist economists responded to them. It also ask