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Suppose there are 200 identical firms in a perfect competitive industry. Moreover, assume that each firm has the following short run cost function: C(q) = 0.5q2 + 5q + 20.a) Compute the short-run supply curve for a single firm, expressing q as a function the price P. b) Calculate the short-run industry supply curve. c) Now assume that the market demand is given by QD = 1000 – 50P. Compute the short-run equilibrium price and its corresponding quantity.
Shift the curve in the subsequent graph to show the effects of such a training program.
The Environment Ministry in Japan proposed new carbon tax in order to meet Japan obligations to decrease carbon dioxide emissions under Kyoto Treaty.
Explain why is the usa called a democratic federal republic and how is our organization of government different than the canadian, israeli, japanese or french democracies.
All other things being equal, by how much will nominal GDP expand if the central bank increases the money supply by $100 billion, and the velocity of money is 3? Suppose now that economists expect the velocity of money to increase by 50% as a result ..
As weekend prices skyrocket more people will play golf during the week and eventually the weekend prices will drop and weekday prices. Differentiate among weekday and weekend prices.
If you deposit RM3,000 with each bank, illustrate what will be the difference in the two bank account balances after two years.
The state Medicaid agency sets the price for nursing home care. The unit price is $180 per day. This price is beyond the control of any nursing home. What is the marginal revenue for another patient day at Holly Head Nursing Home?
q.the pbp company acquired a warm n cook heat treating furnace so that it can properly heat treat parts for its high
elucidate how many units of fish could it now consume along with the 80 units of imported wheat.
Illustrate what kind of gap-inflationary or recessionary-will the economy face after the shock.
Assume the demand for balloons is P=40-2Q. The supply is P=3Q. What is the equilibrium price and quantity? What is producer surplus? What is the consumer surplus?
Although I'm specifically interested in the likely economic consequences of implementation of an official world auxiliary language, since this is only theoretical, I'd like to know what have been some economic consequences, whether positive or negati..
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