# Posts by eStone

Total # Posts: 7

Economics
Consider a monocentric city in which the cost of commuting is \$10 per mile per month. A household located eight miles from the city center occupies a dwelling with 1,200 square feet at a monthly rent of \$600. Nonland cost per dwelling is \$200, and there are four houses per ...

Economics
In a place rice growers burn their field to stabilize their fields the field burning causes pollution, the alternative sanitizing method costs \$150 per acre. Consider a country where rice farmers are willing to pay \$500 per acre for land and corn farmers (who do not sanitize ...

Math
No, it is not because when you plug in x for the first equation you get -1 as y, not 1. And for the second equation when you plug in 5 for x you get -1 again, not 1.

Economics (attempted as suggested by economyst)
Wow! Economyst, thank you for explaining it! Now that I read and look at the numbers it makes more sense, I definitely have clarification. You made it seem so simple, I guess I just need to calm down and do what the equations say. I appreciate it, this is going to help me ...

Economics (attempted as suggested by economyst)
Posted by eStone on Sunday, March 29, 2009 at 5:47pm. Suppose that a firm is currently employing 30 workers, the only variable input, at a wage rate of \$60. The average product of labor is 30, the last worker added 12 units to total output, and total fixed cost is: \$3,600. a. ...

Economics
Suppose that a firm is currently employing 30 workers, the only variable input, at a wage rate of \$60. The average product of labor is 30, the last worker added 12 units to total output, and total fixed cost is: \$3,600. a. What is marginal cost? b. What is average variable ...