A seller can ‘rip-off’ a buyer when:

 Cost function for a hypothetical firm is TC ($) = 250 + 5Q + 0.5Q2 Please calculate the following cost items for producing 20 units of product: 1) Fixed Costs 2) Variable Costs 3) Total Costs 4) Average Total Cost 5) Marginal Cost (assuming that the firm is already producing 20 units, what is cost of producing one more unit)  

 Following table shows the demand for three goods: Price of good A Quantity Sold of good A Quantity Sold of good B Quantity Sold of good C $50 250 400  200 $60 220  500 140 1) Calculate cross-elasticity of demand between good A and B2) Based on your result in part 1 explain the relationship between Goods A and B (are they substitutes or complements)3) Calculate cross-elasticity of demand between good A and C4) Based on your result in part 3 explain the relationship between Goods A and C (are they substitutes or complements)

Please explain the following terms: 1) Renewable portfolio standard2) Capacity factor

You are reviewing an inpatient chart trying to figure out the reason for the referral.  You read the abbreviation CABG in the chart.  On which unit are you most likely to find the patient? 

Please translate the sentence with abbreviations into a full English sentence.  Pt is transferred from supine to EOB. 

Please write all your work and calculations.In a market demand and supply equations are:The demand curve is given as: P = 48 – QThe supply curve is given as: P = 8 + 3Q.When there is no government intervention, 1) What are the market competitive equilibrium price and quantity (P* and Q*)?2) Consumer Surplus (CS) of this equilibrium?3) Producer Surplus (PS) of this equilibrium?4) Total Wealth generated (TW) of this equilibrium?Assume government imposes a Price Cap of $32 on the market:5) Which function determines the new equilibrium quantity, supply or demand?6) What would be the new equilibrium quantity in the market?7) What would be the Hidden Cost (HC)?8) What would be the market Consumer Surplus (including HC if it applies)?9) What would be the market Producer Surplus (including HC if it applies)?10) What would be the Deadweight Loss? You can use the following plot to help with your calculations. The plot might not be to scale.

Please choose the correct abbreviations for the following sentence. Patient is educated on durable medical equipment.  

You are reviewing an inpatient chart trying to figure out the reason for the referral.  You read the abbreviation CHF in the chart.  What assumption can you make?

If we say a good is “perfectly elastic”, then: