1.A company's average cost per unit when x units are produced is defined to be

Average cost = Total cost/x

Suppose a company's average costs are given by

Average cost = 8000/x+ 35 + 0.7x.

Express the average-cost formula as a single fraction.

Average cost =

Write the expression that gives the company's total costs.

2.Plot the budget line with vertical and horizontal intercepts?

Suppose an individual has an income of $20 per time period, the price of good X is $2 and the price of good Y is also $4. That is, I = $20 , PX = 2, and PY = $4.

3.How can you predict online energy prices with smart grids

4.What are the indicators used to measure economic performance

5.How do you estimate demand function if price elasticity is known

6.Maximize the following equation U= e^{(x1+ In x2)^1/3}

7.Discuss the expenditure approach

8.Why are the investment function, export function and expenditure function drawn as straight lines. Draw them.

9.Indias population growth rate is 1.6% a year. In 2005 its economic growth rate was 8% a year. Chinas population growth rate is 0.6% a year. In 2005 its economic growth rate was 9% a year. Using 2005 as a starting point, real GDP per person will double during _ in India and during _ in China.

10.What causes increase in demand for money