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.maximize U= e^{(x1+ In x2)^1/3}

4.Watering restrictions in the 4th year of drought lead many California homeowners to replace their lawns with drought resistant plants. After the 3rd year of drought, many greenhouses that supply local nurseries started growing more drought resistant plants. What is the effect on the price of drought resistant plants? On the quantity of drought resistant plants sold?

5.how can total emissions rise even though emissions per dollar of GDP substantially decline

6.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.

7.What would happen if only money demand decreases in an economy? Is there will be any change in unemployment rate?

Will the unemployment rate increase due to a decrease in demand for money

8.What are the two responsibilities given to the Federal Reserve in relation to controlling the economy?

9.If the MPC is 0.75 and investment spending increased by $20 billion, then the increase in GDP will be $

10.Assume you are an economist working on the President's Council of Economic Advisors. The President wants the U.S. GDP to increase by $160 billion. If the MPC is 0.80, to reach the President's goal government spending must increase by $?