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There are over 30 million firms in the U.S., of which about 5.8 million are corporations. A mere 35,000 of these corporations have annual sales of over $50 million, and this relative handful of corporations, commonly thought of as "big business", account for over 80% of total corporate profits in this country. Are those millions of other corporations, sole proprietorships, and partnerships outside of big business fairly insignificant to the U.S. economy then? If not, then what is the importance of these smaller companies to the national economy?
Suppose that bicycles are produced by a perfectly competitive, constant cost industry. Which will have a larger effect on the long-run price of bicycles a government program to advertise the health benefits of bicycling.
When is marginal utility of a consumer is equal to average utility in a market where there is every kind of products and the consumer is constrained by scarcity choice?
The World Bank is presently advising newly industrialized nations on how to encourage growth and they have asked for your help.
Sketch Sally's indifference curves and explain her consumption choices in term of marginal utility.
Possible goals of Not-For-Profit (NFP) enterprises include all of the following EXCEPT: maximize total costs maximize output, subject to a breakeven constraint maximize the happiness of the administrators of the NFP enterprise maximize the utility..
Suppose that the software market currently has only one firm operating - microhard. A new firm Newvell could enter the industry.
Define the cross-price elasticity of demand and What information does it provide - What is total revenue? How is it calculated?
Consider a price ceiling imposed on a monopoly that is set below competitive price. Make a diagram showing the monopoly equilibrium in this case.
What is the current total investment? b) What is the current unintended investment? c) Is this an equilibrium outcome? d) What do the Keynesians say will happen to real GDP?
‘Creditors' include £3,700, which, together with the bank overdraft, are secured. Hence, £29,000 of the liabilities, made up of the bank overdraft and other secured creditors, must be paid first and in full.
Explain why, assuming it can be measured at all the VMP could be expected to be downward-sloping (decreasing as the quantity of labour increases).
Compare and contrast the strengths and weaknesses of today's Federal Reserve operating procedures and monetary decision making policy.
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